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SVP Global Ventures to foray into technical textiles

Wednesday, 29 Sep 2021
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With a vision to be a fully integrated and globally competitive textile manufacturer, SVP Global Ventures is investing around Rs 100 crore in setting up 4,375 tpa green-field facility for technical textiles at Jhalawar, Rajasthan.

The company plans to manufacture protective uniforms and functional garments, medical textile, mobile tech, anti-odour and antibacterial knitted fabric for medical and cosmetic uses in apparel and expand gradually in other products.

The company plans to commence commercial production in 12 to 15 months.

The new facility is adjacent to the company’s existing facility in Jhalawar, Rajasthan. The expansion will complement its core business and the plant is expected to start commercial operations in 12 to 15 months.

The Group has recently commenced commercial operations at its mega textile plant in Oman. It has invested USD 150 million (around Rs 1,100 crore) in setting up 1.5 lakh spindles and 3,500 rotors facility at Sohar Free Trade Zone in Oman.

The expansion offers many strategic operational and logistics benefits over a long period of time. With the completion of expansion at Sohar, the total operational capacity of the company has increased to 4 lakh spindles and 5,900 rotors.

The company currently employees more than 3,500 people across its manufacturing facilities.

 

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