Bannari Amman Spinning Mills Ltd. has announced the setting up of a garment unit at the Palladam hitech weaving park known as ACCEL Apparels mainly for making knitted garments.
Set up at an investment of Rs. 30 crores, the company is planning to employ over 1,000 people in the new unit which is expected to start production by the end of December. Sure to touch full capacity by mid-2016, the new unit will have an annual capacity to manufacture 6.2 million pieces of knitted garments for men, ladies and kids.
Bannari Amman Spinning turns out cotton yarn, woven and knitted fabrics and garments, as well as wind power generation for captive consumption. A substantial portion of cotton yarn and the entire garment production are exported to different countries. The entire green power generated by windmills is being captively consumed.
The company has two modern spinning units near Dindigul with an installed capacity of 1,44,240 spindles, a weaving unit located at Karnempettai near Palladam with an installed capacity of 147 looms, a processing unit located at the SIPCOT Industrial Growth Center, Perundurai, to process 3,600 tonnes of fabrics per annum, a knitting unit near Karnempettai to produce 7,200 tonnes of knitted fabrics per annum, a garments unit at Palladam Hi-tech Weaving Park to produce 12 lakh pieces of garments per annum, and 32 windmills with installed capacity of 29.95 mw power.