The Shri Vallabh Pittie group will build a cotton yarn plant in Oman.
The project will manufacture a wide range of cotton yarn and is going to be the first major cotton yarn plant in the region. The facility will provide over 1,500 jobs and is expected to start commercial operations in late 2019. The facility will be the first step in establishing a fully-fledged textile cluster in Sohar free zone. Downstream investments in knitting, weaving, spinning and fabric manufacturing could create a thriving industrial cluster providing thousands of new jobs for local households.
SVP is one of the largest manufacturers of cotton yarn in India and a global leader in the sector.
The plant will import 1,00,000 metric tons of cotton fiber annually, with around 50 per cent coming from the United States and the remainder split between Australia and India. The plant will produce around 75,000 tons of finished yarn each year, which will be exported back to China and other global markets including Bangladesh, Pakistan, Vietnam, Portugal and Turkey.
With over two hundred years of experience in the textile business, SVP has a highly skilled and experienced management team with a strong focus on automation and technology. It sources best-in-class machinery from leading global companies to ensure the highest levels of productivity and efficiency.