The “Resurgent Rajasthan Project” is seen to be making wonders for Rajasthan as the projects sanctioned under the scheme are proving to very helpful in the direction of economic and cultural development of Rajasthan. The SVP Global ventures who are a part of Shri Vallabh Pittie Group engaged in the Yarn manufacturing industry has been able to make records over the line. The SVP group has commissioned the fully automated textile plant with one lakh spindles which are having a manufacturing capacity of 22,000 tons per annum at Jhalawar district in Rajasthan.
The Venture has formed a world record and set up a benchmark as stated by the Managing Director of SVP Global Ventures, Mr. Chirag Pittie. Mr. Pittie said that this is the first time in the world that a textile plant is constructed with such a fast pace that the whole 25 acres of plant have been contrasted within just 9 months. The achievement is also very special for Rajasthan Government and SVP Global Ventures as the plant is among the first few plants which are to be commissioned under “Resurgent Rajasthan” project.
It is depicted that the first phase of the project will employ 500 people and will provide a stable and steady livelihood to around 30000 farmers, as per the reports of the Company in the BSE statement on Wednesday.
It all became possible due to the high-aspired project of Rajasthan’s CM Vasundhara Raje, “Resurgent Rajasthan” which eased the initial plant setting up process and thus, the whole approval process became so smooth that, the SVP Global was able to complete the whole project within such short span of time. As part of the Rajasthan government’s package, SVP has also derived significant advantages like interest subsidy, VAT benefit and electricity duty rebate which will ultimately have a positive impact on the company’s bottom-line.
So, we could easily conclude that the Government of Rajasthan is aiming high and working hard for the overall development of the state to bring prosperity to the state.
