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Benefit for Shareholders, Farmers &
Rural Population. Investment of Rs. 3060.00 Crores. MIDC
Allotted 400 Acres Land (1600000 Sq. Meters) to the
Company.
We are pleased to inform you that our
Company is Developing Integrated Textile Park, details
as under.
Integrated Textile Park being
Developed by Vertex Spinning Limited in District Dhule,
Maharashtra, Dhule an important place in Maharashtra
industrial scenario various industries on small scale.
Knitwear, Hosiery, Weaving has been growing @10% over
the past few year. Lifting of quantitative restrictions
of quotas in the year 2005. The quality of Textile with
reduction of cost and skill improvement compete the
market. Vertex spinning ltd has opened, Division of
Integrated Textile Park and has acquired 400 acres land
(1600000 sq meters) for 99 years in Nardhana industrial
area Dist Dhule from MIDC. The project aimed
Developing Dhule as a major cotton export city and to
create employment for Rural Area on big scale as many as
10000 jobs or more. Company had chosen Dhule as one of
the Cotton Producing District in the Maharashtra and
there will be no shortage of the Raw material.
Mr. Suresh Sharma, CEO. of Vertex
Spinning said the company already developing one 160,000
Spindles mills on the same Textile Park and production
of phase-I of 80,000 Spindles start in April 2007.
Vertex Textile Park will boost because Developed country
have fastly vacated the primary textile and clothing
manufacturing activities. They are unable to compete
with Asian Countries. Looking to the post quotas
phase-out of the last year., it is becoming increasingly
clear that large importing countries have yet to get
dully adjusted to liberalized world trade in the
Textiles and Clothing sector. Vertex Integrated
Textile Park is bringing woolen hosiery unit, Cotton
Knitted, Cotton Knitted Fabrics, Fur units, Dyeing and
processing, woven textile unit, shawl manufacturers,
technical textile, Spinning, Polyester, worsted,
Acrylic, Texturing, Twisting, Seizing, Vertex also
tie-up with 95 local new local Dhule Entrepreneur under
work shed scheme. Vertex will spent Rs 120.46 Crores on
infrastructure including grant from the Ministry of
Textile Rs. 40.00 Crores. Vertex and its Member of
Integrated Textile Park Rs. 23.77 Crores, Bank Rs. 46.69
Crores and Institution Rs. 10.00 Crores Vertex Spinning
will earned by the Integrated Textile Park activities in
the 1st year Rs. 13.36 Crores.
Improvement of Management skills the
company call exporters in the Textile Park.
International business becomes competitive the Demand of
the buyers increasing every day, therefore, the company
will improve area in new set-up of function such as
Sampling, Merchandising, Costing, Social compliance,
Purchase and Inventory Management, Production planning
and control, Quality Control Systems, Washing, CAD,
Engineering, HRD Systems, Training and Development of
Managers and Staff, Total productivity Staff,
Maintenance, Performance, Evaluation Management and
International Marketing.
Vertex Textiles Park Joining the
Textiles wagon to encourage 100 more new units. They are
in new Areas like Medical Textile Knitted, Medical
Textile woven, Geotextiles for Civil Engineering,
Waterproof-breathable Fabrics, Textile in defense,
Textile in Transportation, The technical textile have
come to use in several areas for varied purpose. Vertex
Textile have identified these industries.
Vertex Textile Park bringing the
total investment Rs. 3060.00 Crores inside of textile
park Nardhana Industrial Area. Vertex integrated textile
park will generate great value to the Vertex Spinning
Limited. The company’s profit will jump as follows.
|
Rs. in Crores |
| 2007 - 2008 |
2008 - 2009 |
2009 - 2010 |
2010 - 2011 |
2011 - 2012 |
| 62.93 to 78.66 |
85.31 to 106.64 |
95.47 to 119.33 |
96.99 to 121.23 |
98.63 to 123.29 |
Suresh Sharma
Chief Executive Officer |