In the event of further supply shocks, GAIL (India) Limited is prepared to procure gas from the spot market to bridge the gap, albeit at elevated prices.
Manufacturing News
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Manufacturing
Sky Industries Plans US $5.15 Million Gujarat Textile Unit, Signs MoU with State Government
The agreement outlines the company’s intention to establish a manufacturing unit focused on technical textiles and apparel within the state.
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The establishment of eight new “Smart GIDC” industrial estates across South Gujarat have been planned—two in Surat, three in Bharuch, one each in Valsad, Tapi, and Navsari—covering a total area of 5,380 acres.
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The company is advancing a Rs 300 crore (US $31.61 million) textile-to-textile recycling project (26,750 TPA) through its subsidiary ECOSIS Ltd and a Rs 235 crore (US $24.76 million) Polyester Filament Yarn expansion project (~55,000 TPA).
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With its strategic location, plug-and-play facilities, and integrated ecosystem, the KMTP is set to become a major driver of textile manufacturing and employment in the state.
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Volatile crude prices amid geopolitical tensions are likely to keep margins under pressure and constrain output.
