The Rs 1,250 crore FDY The yarn expansion project at Garden Silk Mills Private Limited (GSMPL) marks the beginning of a period of rapid progress in the textile sector by The Chatterjee Group (TCG), under the leadership of its visionary Chairman, Purnendu Chatterjee. With its state-of-the-art manufacturing plant at Jolwa, producing high-quality polyester chips, POY, FDY and other specialty yarns, and the iconic Garden Vareli brand,, having a contemporary collection of sarees and dress materials, the Chatterjee Group, that has investments of USD 8 billion globally, is truly creating the Garden of Tomorrow.

"We at MCPI and GSMPL are committed to realising the strong textile vision of Dr. Purnendu Chatterjee, Chairman, TCG," said D. P. Patra, Whole-Time Director and CEO, MCPI.

With this foray into textiles, TCG aims big at being a key player in PTA-Polyester Downstream segment in the coming years. In line with TCG's vision to attain exponential growth in textiles, both GSMPL and MCPI are looking to ramp up its footprint in various polyester segments in the coming years. MCPI continues to supply good quality PTA at competitive prices to support GSMPL's Yarn business, which is currently amid the worst downturn for the industry. Large investments in the new FDY yarn facilities have been made and 220 KVA electricity connection to the plant has been obtained to enhance the business operations. Additionally, the company has invested in hybrid renewable power to reduce overall carbon footprint. Further enhancements in renewable power are underway.