GA: Shrivallabh Pittie to Invest $70M, Create 250 Jobs in Screven County
16 Oct, 2013
Gov. Nathan Deal announced that Shrivallabh Pittie Group, a leading textile manufacturer in India, will build its first U.S.-based manufacturing facility near Sylvania, creating 250 jobs and investing $70 million.
“The decision by Shrivallabh Pittie Group to locate its new facility in Georgia is an example of how our state is quickly becoming the No.1 state for companies to do business,” Deal said. “The company’s decision to build its first U.S. facility in Georgia underscores our attractive infrastructure and diverse talent pool.”
The facility will be located at the Screven County Industrial Park near Sylvania. The plant will manufacture a range of different counts of carded cotton yarn and production will be flexible in order to meet market demand. It will use class-leading machinery and benefit from great economies of scale as the entire capacity will be based at one location. The company will utilize synergies between the new plant and its existing textile operations, including technical expertise and a global sales and marketing network.
The Screven County Industry Park is a GRAD-certified site, one of more than 30 around the state that offers advanced due diligence for industrial development through the Georgia Allies’ GRAD (Georgia Ready for Accelerated Development) program. Shrivallabh Pittie Group will also take advantage of the services of Georgia Quick Start, an award-winning state program that will provide the company with free, customized workforce training and development.
Founded in 1898, Shrivallabh Pittie Group is a leading textile manufacturer with substantial presence in the Indian textile sector, operating in 13 locations.
“We are very excited about this project, which is the biggest single investment in U.S. cotton yarn sector in decades,” said the chairman of Shrivallabh Pittie Group, Vinod Pittie. “We believe there is a significant market opportunity for yarn manufacturing in Georgia due to a skilled local workforce, proximity to high-quality cotton fiber, the economical supply and reliability of power and world-class infrastructure to international markets. We are proud to generate 250 new U.S. jobs and to bring a positive economic effect on the local area and its rich cotton textile heritage. Lastly, we would like to thank both the state of Georgia and Screven County for their sponsorship of this project.”
Shrivallabh Pittie Group received assistance for its new facility from the Screven County Development Authority and Wylly Harrison, project manager at Georgia Department of Economic Development.
“I am pleased to welcome Shrivallabh Pittie Group to Screven County,” said the chairman of Screven County Development Authority, Bobby Smith. “These 250 jobs and the $70 million investment represent 250 jobs for our friends and neighbors, as well as countless opportunities for local businesses to grow and prosper. We thank our strong partnership with the state of Georgia and Screven County. Together we have made this project a success. We welcome Shrivallabh Pittie Group to team Georgia and team Screven.”
“Georgia’s resources for textile manufacturing are best in class,” said Pat Wilson, chief operating officer at Georgia Department of Economic Development. “Sylvania has been home to textile facilities in the past and offers the Shrivallabh Pittie facility a diverse workforce that has experience in textile manufacturing.”
About Shrivallabh Pittie Group
The Shrivallabh Pittie Group is an India-based industrial group with interests across textiles, finance, retail and real estate. The company has a substantial presence in the Indian textile Industry with manufacturing capacity in numerous locations. The Shrivallabh Pittie Group has evolved into a major player in the yarn industry and has a strong and experienced management team with decades of industry experience.