Published On:January 24 2009
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Ginni Filaments sets up unit for medical textiles
New Delhi: Ginni Filaments, a leading integrated manufacturer of cotton yarn, processed knit fabrics and non woven spunlace fabric, has announced the setting up of a high-tech unit for medical textiles in Haridwar, Uttranchal, to cater to the needs of domestic market.
The company has entered into deals with some of the leading healthcare companies such as Cipla, Fortis and Max, apart from Kingfisher Airlines and some leading hotel chains for supply of its products and will also be doing contract manufacturing for overseas clients.
Shishir Jaipuria, managing director, Ginni Filaments, said the company has already invested Rs 300 crore in setting up its non woven raw material unit in Gujarat and expects sales of Rs 30 crore from the Haridwar unit in the current fiscal and revenue of Rs 200 crore in the next couple of years.
'India has always been dependent on imported textile products for surgical and extra corporeal application. In the healthcare and hygiene products segment, MNCs like Johnson & Johnson, Smith & Nephew and Kimberly Clark are the major players as they manufacture special type of bandages and woundcare products compared to the simple ones made by Indian companies,' said Jaipuria.