100 per cent Cotton yarn for knitting is a major area of specialization. With a spindlage of over 37,344, have a production capacity of 15 tons a day. Shiva Texyarn Limited -Established in 1989, the company manufactures high quality superior yarn that meets international standards. The Third phase of TUFS is under implementation stage and Central Bank of India has appraised the project and a term loan of Rs.24.50 million has been sanctioned to meet the project outlay of Rs.31.57 million. The company availed Term loan for IDBI to the tune of Rs.100 million under the TUF scheme to meet the project outlay of Rs.141.50 million. The company installed 3.24 MW Power plant to cater to the spinning unit in order to keep at check the incidence of power overhead.ĭuring 2000-2001 the company has implemented on a modernization program for allowing to absorb for absorbing latest technology. The company made two rights issues to finance a 100 per cent EOU for cotton yarn, but the project was deferred and the proceeds were used for working capital. The above projects were part-financed by a public issue in Mar.'94. It diversified into knitting by installing Mayer & Cie knitting machines, manufactured by Mayer & Cie, Rundstrickmaschinen, Germany. It modernised the facilities for cotton yarn to capitalise on the export market. Prime Textiles expanded the capacities of its blowroom and preparatory machines, facilitating the production of melange yarn. The products are well received in Japan, South Korea, Italy, the EEC and other countries. The entire process of manufacturing, logistics & Accounting are fully intergrated by ERP solutions of SAP.Ī subsidiary of Yarn Syndicate, Prime Textiles Ltd, earlier known as ATL Textiles, is part of the Patodia YSL group, which has been in the textile business for more than five decades.Ī government-recognised export house, it produces cotton yarns of varied counts with high value-addition post-spinning processes to meet customer specifications. among others.Īll manufacturing units are linked to each other and the corporate office by Radio link to ensure free-flow of communication. The countries we export our products to include Belgium, China, Italy, Japan, Malaysia, Portugal, South Korea, Turkey and U.K. The group has been accorded the status of ‘Export House’ by The Cotton Textile Export Promotion Council of India (TEXPROCIL). Considering the significance and contribution of textile sector in national economy, initiative and efforts are being made to take urgent and adequate steps to attract investment and encourage wide spread development and growth in this sector. The textile industry can be broadly classified into two categories, the organized mill sector and the unorganized mill sector. The textile industry encompasses a range of industrial units, which use a wide variety of natural and synthetic fibres to produce fabrics. The Textile industry occupies an important place in the Economy of the country because of its contribution to the industrial output, employment generation and foreign exchange earnings. The textile industry in India is one of the oldest manufacturing sectors in the country and is currently it’s largest 1. It is the world’s third largest producer of cotton-after China and the USA-and the second largest cotton consumer after China. India is the world’s second largest producer of textiles after China. It provides direct employment to over 15 million persons in the mill, powerloom and handloom sectors. It has a high weight age of over 20 per cent in the National production. Textiles exports represent nearly 30 per cent of the country's total exports. The Textile Industry occupies a vital place in the Indian economy and contributes substantially to its exports earnings.
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