Indian Rayon and Industries Ltd, the Aditya Birla group company, has firmed up plans to double its manufacturing capacity with a total investment of Rs 60 crore at its textile manufacturing unit at Rishra in West Bengal.
The AV Birla management has already invested a sum of Rs 15 crore in the unit for enhancing its manufacturing capacity in the recent past.
Another Rs 50 crore was envisaged to be invested in the next couple of years. The expansion will be funded from internal reserves and special loans available to the textile industry.
Indian Rayon was also planning to double its synthetic yarn manufacturing capacity from four million units per annum to eight million units in the next two years. Capacity at its wool combing and wool spinning unit will be doubled to eight million kg in the next few years. The unit in West Bengal manufactures synthetic yarn, linen yarn spring, fabrics, and processes wool.
