S Gokula Indira, Minister for Handlooms and textiles, Tamil Nadu during her inspection for modernization work at the Anna Cooperative Spinning Mills said that the process will involve approximately Rs. 30 crore. The Tamil Nadu government had granted Rs. 148 crore to modernize six cooperative spinning mills in the state. The first phase of modernization is over and the second phase is under progress at Andipatti. The production per month will be enhanced to 2.5 lakh kg from the existing 1.5 lakh kg and profit will catapult to Rs. 4 crore a year. An ultra modern quality control lab is set up recently to a cost of Rs. 65 lakh in the mill and lab had so far tested 431 cotton samples and 72 yarn samples. On the proposed hi-tech part in Andipatti, she said that at least 25 per cent of project cost should be contributed by individuals to set up a unit in the I-tech Park and to avail 75 per cent of state and Central government’s share. Anna Co-operative Spinning Mill is involved in the spinning of cotton. The plant is well equipped with spinning machinery and has a production capacity of manufacturing 24,960 spindles of yarn per annum. The company earns a turnover of Rs. 170 million.
