A part of Jayavilas Group, Shri Govindaraja Textiles is going to invest a sum of US $ 45 million and set up an open-end spinning unit in the US. It has been said that the unit will have 16 machines and would be producing 35 tonnes of yarn a day. It is expected that the plant would start production by the end of December this year. Number of people who will be working in a shift would be just 12, as the unit is highly mechanised. The cost of power is one-third of that here and quality power supply was assured 24×7, and the cost of capital is also less; these are the stated reasons behind the decision taken to invest in the US.
