TEX-FILE
Ethiopia to open two
industrial parks next month
RAYMOND HAS ANNOUNCED AN INVESTMENT OF RS. 1,400 CRORE IN
A PHASED MANNER ON ITS NEW PLANT AT AMRAVATI. COTTON SHIRTS,
LINEN AND DENIM, AMONG OTHERS WILL BE PRODUCED AT THE PLANT,
WHICH IS EXPECTED TO BE COMMISSIONED BY THE END OF THIS YEAR.
THE AMRAVATI UNIT WILL CREATE AROUND 8,000 NEW JOBS. OUR
GREENFIELD PROJECT IN AMRAVATI IS LIKELY TO START BY THE YEAR
END WITH AN INITIAL CAPITAL INFUSION OF RS. 200 CRORE.
– GAUTAM HARI SINGHANIA. CMD, RAYMOND GROUP
expecting shorter lead times. While
we have become more nimb le and
flexible, we have seen the demand
for quick turnaround growing and
our average order size reducing
with time. In fact, speed carries the
highest importance for us whether in
the area of new product development
or sampling or delivering bulk.
We have put our maximum efforts
in reducing any bottlenecks and
improving capacities, processes
and decision making and have so
far been very successful in these
initiatives. We have many long-
standing and loyal customers and we
have to offer them our best.”
Mathur briefs that Raymond’s simple
way of attaining an edge over others
is to differentiate itself from them,
be it in terms of product range,
PD, processes or other such areas.
Apart from being one of the leading
companies in India with the best
of technology, it is also credited
for being the first company to have
brought in ring denim. Highlighting
Raymond UCO’s exceptional focus
on PD, he shared, “3 to 5 per cent
of our capacity is actually utilized
to support PD initiatives. We have
retained local and international
talent and experts to manage the
PD process effectively and are
globally at par with the best in
this sense. Both the Indian and
International markets today demand
a high level of PD support and it is
growing. Throwing more light on
this, Mathur avers, “When we look at
the value chain from the yarn stage
to the finishing, you can generate
value addition at every step of the
process, at the spinning and weaving
stage in terms of construction of
your fabric and, as importantly,
in dyeing and finishing. It is this
value addition across the chain that
defines what the final value is, i.e.
whether a product is mid-range or
premium or premium plus. You could
focus more on one process and less
on another but it is the final look
and feel that defines whether the
sum is greater than the whole.”
Raymond’s vision, in the words of
Mathur is, ‘To be the best in class
globally’. He adds, “To maintain our
competitive edge, we have to remain
innovative and reliable in our
offerings. Innovation is not rocket
science. It is all about the choices
you make in terms of the materials
one uses, the processes applied and
the attitude and belief system one
espouses. We keep emphasizing
internally the need to continuously
observe, learn and enquire and not
necessarily limit ourselves in this
respect to the denim space. Our
teams are always on the lookout
for relevant technologies, systems
and researches for learning and
potential adoption.”
Detailing his future perspectives,
Mathur stated, “In terms of
manufacturing, we increased our
Indian capacity last year by close
to 15 per cent. It is now completely
stabilized and filled up. Looking
forward strategically, Raymond
UCO will now be working on an
asset light model as a means
to support growth of sales with
high ROI.” Mathur specifies on a
concluding note that his company
has to grow above the market
growth and keep pace with
swift advancements in fashion
and technologies.
The east-African nation, Ethiopia, is preparing to inaugurate
two Chinese-built industrial parks next month. This was
announced by the Ethiopian Industrial Parks Development
Corporation (IPDC), recently.
The two parks named Mekelle Industrial Park and Kombolcha
Industrial Park have been built by China Communications
Construction Company (CCCC) and China Civil Engineering
Construction Corporation (CCECC), respectively. Both
the industrial parks are meant for the textile and
garment industry and have been constructed at a cost of US
$ 250 million.
Ethiopia strives to be the hub of textile industries in Africa. It
aims to develop world-class industrial parks with fascinating
hard and soft infrastructure to earn US $ 1 billion by 2020 and
provide ample employment opportunity for its estimated 45
million workforce.
“There are about 10 ongoing or completed industrial park
projects with plans to inaugurate four other industrial parks
by the end of 2017,” said Sisay Gemechu, CEO, IPDC.
TN proposes textile park
in Ramanathapuram
Tamil Nadu Government recently has indicated that an
integrated textile processing park has been planned to be set
up in Ramanathapuram District in the state. The park will be
set up at a cost of Rs. 150 crore with the Central Government
grant. Upon being operational, the facility would have 30
textile processing units with a capital outlay of Rs. 450
crore and will create 6,000 jobs in the region. Tamil Nadu’s
Industries Minister MC Sampath commented, “We are in touch
with the Central Government to execute this planned set-up at
the earliest possible time,” adding, “The park would come on a
225-acre land in Manakudi village under Thiruvadanai Taluk.”
Additionally, a desalination plant to supply water will also be
established at the facility. In order to obtain grant from the
Centre, proposal has been sent and approval is awaited, said
the State officials. Furthermore, to receive the environmental
clearance and Coastal Regulatory Zone (CRZ) clearance
for the project, the CRZ maps and study report have been
submitted by the State to the CRZ Committee and project
approval might come in the coming days.
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