We found that GMDC (Gujarat Mineral Development Corporation) is going to establish a 200 MW lignite based power plant near Bhavnagar to supply power to the textile industry, especially the spinning sector.
Quoting an official from the state industries department, a report said GMDC has short-listed Univision Textiles Limited, Ahmedabad Textile Processors Association, Pradeep Overseas and Suryachakra Energy & Infrastructure Limited for partnership in the Rs 1,000 crore project.
“Gujarat is the largest producer of cotton and has a strong presence of ginners. Time is ripe for units to go into value addition in spinning. They can expect higher returns by selling yarn instead of raw cotton,” the official reportedly said.
Bhavnagar has 63 million tonne lignite reserves, while the project will require 10 million tonne lignite per annum.
The report added that the state government has plans to more than double the state’s share of cotton spinning capacity from 7% to 15% in five years.
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