Indian company ShriVallabh Pittie Global Ventures Ltd’s subsidiary SV Pittie Sohar Textiles and Oman’s National Training Fund recently signed an agreement under which 1,000 Omanis will be trained at SV Pittie Training Centre in Sohar to be employed in the company’s textile project. The agreement was signed on the country’s national day on November 18.
The yarn manufacturing facility of the company is an entirely new enterprise in Oman.Indian company ShriVallabh Pittie Global Ventures Ltd's subsidiary SV Pittie Sohar Textiles and Oman's National Training Fund recently signed an agreement under which 1,000 Omanis will be trained at SV Pittie Training Centre in Sohar to be employed in the company's textile project. The agreement was signed on the country's national day on November 18.#
SV Pittie Group, established in 1898, is one of the largest Indian yarn manufacturers. The Sohar centre is being built with an investment of $300 million on a 27-hectare area and will be equipped with 300,000 spindles and 7,000 rotors. Phase 1 of this project is scheduled to be commissioned soon.
The plant will annually import 100,000 tonnes of cotton from various countries, like the United States, Australia and India. It will produce finished yarn, which will then be exported to major textile markets residing in China, Bangladesh, Turkey and Pakistan, according to Omani media reports. (DS)
Fibre2Fashion News Desk – India
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