TCG showcases the revival of Garden Silk Mills Pvt. Ltd. and Garden Vareli brand, announces the commencement of Rs. 1,250 crore at their Surat polyester yarn manufacturing unit.
With the launch of the Rs. 1,250 crore FDY Yarn expansion project at Garden Silk Mills Private Limited (GSMPL), The Chatterjee Group (TCG), led by Chairman Dr. Purnendu Chatterjee, has initiated a period of tremendous advancement in the textile business. The Chatterjee Group, which has invested US $ 8 billion globally, has entered the textile industry with its state-of-the-art manufacturing plant at Jolwa, which produces premium polyester chips, POY, FDY, and other specialty yarns, and the iconic Garden Vareli brand, which offers a modern collection of sarees and dress materials.
TCG hopes to play a major role in the PTA-Polyester Downstream area in the upcoming years with this push into the textile industry. Both GSMPL and MCPI, a part of TCG, aim to increase their presence in different polyester segments in the upcoming years, in keeping with TCG’s goal of achieving exponential growth in the textile industry. While the sector is experiencing its greatest downturn yet, MCPI is still providing GSMPL’s Yarn business with competitively priced, high-quality PTA. To improve business operations, 220 KVA electricity connection to the factory and significant investments in the new FDY yarn facilities have been made. The business has also made investments in hybrid renewable energy to lower its overall carbon footprint. There is currently more work being done on renewable energy.
With a capacity of 272 tonnes per day, GSMPL has successfully put the Fully Drawn Yarn (FDY) factory into operation. The “best in class” FDY for knitting, weaving, and sizing applications will be produced using the cutting-edge Oerlikon Barmag Wings+ machines. In the future, the company intends to establish its Geotextile and Industrial Yarn factories in various regions.
