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Damodar Group plans expanding linen yarn production capacity

Shri Damodar Group, a Mumbai-based textile giant, is planning to expand its linen yarn production capacity at Amravati unit. This is to meet the growing demand for linen yarn in India, which is not produced sufficiently within the country and is hence, imported from China., Anuj Biyani, Chairman, Shri Damodar Group point out linen spinning unit at Amravati was started last year with an investment of Rs 90 crores and now they are looking at expanding the same product category in the coming year.

The parent company Shri Damodar Group, Damodar Industries had mentioned in its 2016-17 report that it is setting up an automated fancy linen yarn spinning unit at Amravati. The total cost of the project (including production enhancement plans) is estimated at Rs 140 crores.

The unit is expected to start commercial production by next year. The annual sale from this plant is expected to be around Rs 250 crore. Damodar Industries is well established in textile business with companies like Shri Damodar Yarn Manufacturing, Monopoly Yarns and Golden Fibers.

 
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