RSWM Ltd., a leading textile manufacturer and exporter from India, is investing ₹315 crore to expand its compact cotton yarn capacity at Lodha Unit, Banswara. The current spindle capacity of the Banswara unit is 95,376, and the investment will increase it by 51,072 spindles during FY 2023-24. RSWM Limited, part of the USD 1 billion LNJ Bhilwara Group, exports yarns and fabrics to 90 countries worldwide. The decision to expand is driven by the growing demand for cotton yarn, with an expected 10% volume increase in FY2024. The expansion aims to create job opportunities, with a focus on women empowerment.
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