NSL Textiles, part of Rs 1500 Crore NSL Group, has brought to light the inauguration of its State-of-the-Art textiles process house at Chandolu near Guntur district of Andhra Pradesh. The facility will be inaugurated by the Honorable Chief Minister of Andhra Pradesh Dr. K. Rosaiah on the 6th of September 2010. Honorable Minister of State for Textiles, Govt. of India, Smt. Panabaka Lakshmi and Ministers of Government of AP will attend the event.The output of the plant is projected at 1,20,000 Meters per day initially, which is proposed to be doubled in the next two years. It also houses 100 looms for weaving dyed yarn. Investment to the tune of INR 300 Crore has already been made with further plan to invest about INR 250 Crore.
Speaking on the occasion, Mr. Mandava Prabhakar Rao, Chairman, NSL Group, said “Textile business is going to play a major role in realizing our goal for the Group. With our strength of “Cotton to Clothing”, we will offer customers the unique value proposition of full process control in the value chain. Keeping this in mind, we have made significant investments to the tune of INR 1100 Crore in Ginning, Spinning, Weaving, Processing and Garmenting. With our Group’s traditional strength in Cotton seeds, cotton cultivation and cotton selection and the seasoned team, our textile business is poised to become a major Asian player in the industry.”
