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policy initiatives - Textile Magazine

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corporate news<br />

Foundation laid for SEL <strong>Textile</strong>s’<br />

Rs. 1,500-crore integrated facility<br />

Mr. S. Sukhbir Singh Badal, Deputy Chief Minister of Punjab, laying foundation for the new greenfield facility<br />

SEL <strong>Textile</strong>s Ltd. of the SEL<br />

Group has taken another step in its<br />

expansion and capacity augmentation<br />

drive with the Deputy Chief<br />

Minister of Punjab, Mr. S. Sukhbir<br />

Singh Badal, laying the foundationstone<br />

on December 16 for the stateof-the-art<br />

greenfield mega integrated<br />

textile park being set up at Panjava<br />

village in Muktsar District at an investment<br />

of about Rs. 1,500 crores.<br />

The ceremony was attended by a<br />

large number of company officials,<br />

industrialists and the public from<br />

the adjoining areas. This project had<br />

earlier received the approval of the<br />

State Empowered Committee under<br />

the Scheme for Integrated <strong>Textile</strong><br />

Park.<br />

SEL is setting up the project with<br />

capacities of 188,160 spindles in<br />

ring spinning, 40 million metres in<br />

denim fabric and eight million pieces<br />

of denim garments per annum.<br />

The project will be operational in<br />

the next fiscal.<br />

The flagship company of the SEL<br />

Group, viz., SEL Manufacturing<br />

Company Ltd. had earlier commissioned<br />

the first phase of its four lakh<br />

spindlage plant at Mehatwara village<br />

in Sehore district of Madhya<br />

Pradesh in record time and established<br />

a new benchmark in project<br />

implementation.<br />

The textile park is expected to catalyse<br />

significant additional investments<br />

in the textile industry of Punjab.<br />

On the one hand, the plant will<br />

22 | The <strong>Textile</strong> <strong>Magazine</strong> jANUARY 2012

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