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Financial closure underway for Creative Textile Mills fibre unit

Monday, 17 Dec 2018
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Creative Textile Mills plans to set up a manufacturing unit of man-made fibres at Dabhel in Daman and Diu.

The project intends to manufacture partially oriented yarn of 3,000 tpm, fully drawn yarn of 300 tpm, master batch of 150 tpm and drawn texturised yarn of 1,500 tpm. The proposed unit will be spread over 22,573.10 sq mtr of land.

As intimated to Projects Today, financial closure was underway. Additionally, Creative Textile Mills was awaiting green signal from environmental clearance (EC) agency. Further, as disclosed to Projects Today, work on the fibre unit will commence by April 2019. The project will create employment opportunities for 300 persons.

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