Sri Basava Textiles Invests in Innovation with ₹91 Crore Spinning Mill Project in Karnataka

Sri Basava Textiles Limited has announced the initiation of a significant project to establish a new spinning mill in Marakumbi, Belagavi, Karnataka. With an investment of 91 crores, this project is set to span across 28 acres, aiming to bolster the textile sector's infrastructure and output capacity in the region.

The new facility is designed to enhance Sri Basava Textiles Limited’s production capabilities, specializing in high-quality yarns that are essential for various applications in the fashion and textile industry. By integrating cutting-edge technology and machinery, the mill will aim to achieve high efficiency and productivity standards.

Strategically located in Karnataka, a state known for its rich textile industry, the Marakumbi spinning mill is expected to leverage the skilled workforce and textile legacy of the region. This location benefits from excellent connectivity to major markets and raw material sources, which is crucial for timely and cost-effective operations.

The establishment of the spinning mill is projected to create numerous employment opportunities, boosting the local economy and supporting community development. Sri Basava Textiles is committed to implementing environmentally friendly practices and sustainable operations to minimize the ecological impact of their processes.

Once operational, the spinning mill is expected to play a pivotal role in meeting the growing domestic and international demand for quality yarns. This expansion is a strategic step for Sri Basava Textiles Limited to strengthen its market position and contribute significantly to Karnataka’s status as a key textile hub in India.

News by Rahul Yelligetti