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Yashasvi Yarns Limited has initiated a game-changing venture within the textile realm with its pioneering Polyester Chips Manufacturing Unit Project, slated for Velugam, Dadra and Nagar Haveli. This ambitious 150 crore project marks a pivotal stride in the company's trajectory, poised to fortify India's autonomy in polyester production.
Set against the backdrop of a 60,000 Tons Per Annum (TPA) production capacity, this venture holds promise in several facets. Foremost, it champions India's reduced reliance on imported polyester chips, a significant stride towards fortifying the textile sector and mitigating trade deficits. Concurrently, it serves as a beacon for job creation, envisaging the genesis of numerous employment avenues in the region, thereby fortifying the local economy of Dadra and Nagar Haveli.
The ethos of sustainability finds its core in this venture, with Yashasvi Yarns committed to integrating eco-conscious methodologies into the project's fabric. This dedication resonates with the industry's burgeoning call for conscientious manufacturing practices.
As the Polyester Chips Manufacturing Unit Project takes shape and inches closer to its 2025 completion, it serves as a testament to Yashasvi Yarns' unwavering commitment to innovation and expansion. This pivotal initiative not only augurs well for the company but also holds the promise of propelling India's textile industry into a future defined by self-reliance, economic vigor, and sustainable practices.
As on January, 2024. Project is pending approval. Waiting for government clearances. No further details determined.
News by Rahul Yelligetti
