policy initiatives - Textile Magazine
policy initiatives - Textile Magazine
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