Sintex plans Rs. 5500 crore spinning/knitting plant at Pipavav

Ahmedabad, December 10, 2014

Sintex Industries Limited is planning a greenfield textiles plant including spinning and knitting at Pipavav with investment of around Rs 5500 crore which is set to fully commission in 2017-18. Amit Patel, group managing director of Sintex Industries shared this detail on the sidelines of INTEXCON 2014, a three-day international conference on textiles.

He said, “so far, our existing spinning capacity was for captive consumption but now we want to get into commercial production. The plant that will see 60-80 per cent exports There is a huge opportunity in global textiles due to the share vacated by China and we want to maximise the same.The multi-fibre plant will see commercial production through spinning, knitting and weaving of various fibres like cotton, polyester, viscose and spandex, among others. At its full capacity, the plant will see one million spindles, along with 600 tonnes of knits and 2400 weaving machines.The company would be employing roughly 7000 people along with 1000 technicians at the plant, of which 40-50 per cent would be women. The company posted a turnover of around Rs 6400 crore for the year 2012-14.The company anticipates a 20 per cent growth and expects to cross Rs 7000 crore mark for 2014-15.”