SVP Global Ventures, a diversified yarn manufacturing company has commissioned one lakh spindles textile plant at Jhalawar in Rajasthan. The fully automated plant has manufacturing capacity of 22,000 tonnes per annum. The first phase of the project will employ 500 people and provide a stable source of livelihood to over 30,000 farmers.
The plant will manufacture combed compact yarn which will be exported to many countries, including China. The project will generate higher margins as compared to other spinning mills.
