ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Pasari Spinning Mills

PASARl SPINNING MILLS, promoted by Pasari Export, a government of India recognised export house, and G S Gupta and Associates, is setting up at Nanjangud, Karnataka, a cotton yarn spinning unit with 5,750 spindle capacity at a toal capital outlay of Rs 650 lakh to be met by equity capital of Rs 585 lakh (promoters Rs 234 lakh and public Rs 351 lakh), central subsidy of Rs 15 lakh and lease finance of Rs 50 lakh. The entire project has been planned for a spindle capacity of Rs 25,000. The company proposes to achieve this spindle capacity in three phases. The first phase covering 5,750 spindle capacity is scheduled to be completed by this June. As soon as the production target for the present spindlage is reached and the standard quality produce is stabilised, the company will be going in for an addition of 6,000 spindles to be completed in June 1994. The third and final phase of the remaining 12,000 spindle capacity will be completed by December 1995. The projected turnover for based on capacity utilisation of 80, 90 and

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