Ganesha Ecosphere to set up Rs 230cr spinning mill in Uttar Pradesh

Ganesha Ecosphere Limited, an Indian firm which manufactures rPET fibre from recycled PET bottles, said that its fully-owned subsidiary Ganesha Ecotech Private Limited will set up a spinning mill project in Uttar Pradesh.

The spinning mill project will be taken up with an investment of INR 230 crores at Temra tehsil, Bilaspur in the Rampur district.

Through the spinning mill, Ganesha Ecotech is expected to gain competitive advantage by forward integration to its parent Ganesha Ecosphere’s product. It will also gain the advantage of favourable market conditions and derive benefit from the experience of Ganesha Ecosphere in the spinning sector.