ShriVallabh Pittie Group (SVP), one of the largest cotton yarn manufacturers in India, in association with SV Pittie Sohar Textiles (FZC) LLC, has started the construction work of the first-ever cotton yarn manufacturing plant at Sohar Port in Oman.
The contract to execute the first-of-its-kind project on an engineering-procurement-construction (EPC) basis has been given to the UAE-based company INEXCO Group, specialising in textile mill construction.
Earlier this year, the yarn manufacturer inked a land lease agreement with SOHAR Freezone for this upcoming US $ 300 million venture which will create over 1,500 jobs in the region. Reportedly, Bank Sohar will fund the entire project in two phases.
The first phase of the project is expected to be completed by March 2019 when it will operate at the capacity of 150,000 spindles and 3,500 rotors. Though trial runs are expected to be performed, in a phased manner, by the end of this year.
Notably, the Sohar unit will produce around 75,000 tonnes of finished yarns. The produce will then be exported to Bangladesh, Pakistan, Vietnam, Portugal, and Turkey through Chinese ports.
The establishment of the textile manufacturing facility in the region will bolster the growth of the textile industry in Oman in the future. “The setting up of such kind of project is the foundation of making a textile hub in Oman which encapsulates the theme Cotton to Clothing at Sohar!” stated SVP Group, which has over 200 years of experience in the textile business.
