In the heart of Surat, Gujarat, a textile revolution is underway, led by The Chatterjee Group (TCG) and its visionary Chairman, Dr. Purnendu Chatterjee. The Rs 1,250 crore Fully Drawn Yarn (FDY) expansion project at Garden Silk Mills Private Limited (GSMPL) stands as a testament to TCG's commitment to reshaping the landscape of the textile sector. At the epicenter of this transformation is the iconic Garden Vareli brand, poised for a spectacular revival.
GSMPL, under the strategic guidance of TCG, has recently commissioned a state-of-the-art FDY plant at Jolwa with a capacity of 272 tons per day. The Oerlikon Barmag Wings+ machines employed in the facility are set to redefine textile manufacturing, producing 'best in class' FDY for various applications, from knitting to sizing.
D.P. Patra, Whole Time Director and CEO of MPCI, expressed the commitment to realizing Dr. Chatterjee's textile vision, emphasizing their dedication to attaining exponential growth in the PTA-Polyester Downstream segment. “We at MCPI and GSMPL are committed to realize the strong textile vision of Dr. Purnendu Chatterjee, Chairman, TCG.” – D.P.Patra, Whole Time Director and CEO, MCPI.
The investments in the new FDY yarn facilities, coupled with a 220 KVA electricity connection and a focus on renewable power sources, underscore TCG's dedication to sustainable and innovative business practices.
The Garden Vareli Resurgence
Garden Vareli, a legacy brand established in 1979, once held a prominent position in India's fabric and fashion industry. Despite facing challenges in recent years, the brand's enduring recall value and equity have prompted TCG to actively work towards its revival. Driven by a desire to restore the brand's former glory, TCG is making significant strides in strengthening the consumer-facing side of the business.
GSMPL, a producer of polyester chips, yarn (POY, FDY, and others), griege, and finished fabric, stands as the backbone of this revival. Through forward integration in the PTA chain and a steady supply of high-quality PTA from MPCI, GSMPL is repositioning itself in the polyester business. The FDY plant, a key component of this strategy, symbolizes not just an expansion but a technological revolution in the textile industry.
TCG's Vision Beyond Textiles
Dr. Chatterjee's vision and leadership extend beyond the textile sector. With a diversified portfolio, TCG has made an indelible mark on the global business landscape. The conglomerate's investments of $8 billion globally span sectors such as Petrochemicals, Life Sciences, Information Technology, Real Estate, Fin-tech, and more. TCG's continuous efforts to cultivate knowledge are embodied in the establishment of the Centre for Research and Education in Science and Technology (CREST), a world-leading research institute dedicated to knowledge creation, application, and dissemination across various fields.