The Anna Cooperative Spinning Mill manufactures cotton yarn and blended yarn located in Tamil Nadu is being modernized to improve production and quality of yarn would involve cost to the tune of Rs.30.3 crore, said S. Gokula Indira, Minister for Handlooms and Textiles during her inspection for modernization work at the mill on Friday.
The Tamil Nadu government had granted Rs.148 crore to modernize six cooperative spinning mills in the State.
The first phase of modernisation was over and the second phase was under progress at Andipatti. Old machinery will be replaced with modern ones and production line modernized.
After the completion of second phase, yarn production per month will be enhanced to 2.5 lakh kg from the existing 1.5 lakh kg. Profit will catapult to Rs.4 crore a year.
The Minister said that an ultra modern quality control lab was set up recently t 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 park in Andipatti, she said that at least 25 percent of project cost should be contributed by individuals to set up a unit in the hi-tech park and to avail 75 percent of State and Central governmentâ€™s share.
Anna Co-operative Spinning Mills was established in 1984. The 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 p.a. The plant operates with a capacity utilization of 95%. The company earns a turnover of Rs 170 mn, 100% of which is earned from sales to the domestic market.
The mill has been meeting the yarn requirement for manufacturing priceless dhotis, saris and school units and for Cooptex
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