Jay Jay Mills Announces Rs. 652 Crore Investment and Expansion Plan
IndiaFebruary 4, 2022
Jay Jay Mills one of the leading manufacturers of infant garments in India, has signed a MoU with the Government of Tamil Nadu. The company will be investing Rs. 652 crore, as part of its expansion plan. The MoU was signed recently, at the Investment Conclave 2021, held at Chennai.
The Jay Jay Mills Group began its eventful journey 50 years ago in 1971 in the hosiery town of Tiruppur, Tamil Nadu. Today, this leading multinational manufacturer of baby garments makes over a million garments a day. Its products are manufactured across 10 locations in India, Sri Lanka, Bangladesh and Ethiopia.
The group employs over 28,000 employees in India and abroad.
Speaking about the expansion plans of the company, Jaichand Balasubramaniyam, Managing Director of Jay Jay Mills, stated that the stable industrial environment in Tamil Nadu has helped the group to grow and become leaders in the global market.
“Five years ago we undertook our most ambitious expansion project in SIPCOT, Perundurai. We built a green campus where we convert cotton into yarn, fabrics and garments, all in one location. Now with the active support & guidance of Government of Tamil Nadu led by our Hon’ble Chief Minister M K Stalin, we are planning to double our capacities with an investment of Rs. 650 crore,” he said, before adding: “We thank the Government of Tamil Nadu in coming forward to create this favourable investment climate so that we can achieve success and prospertity in Tamil Nadu and India.”
This new expansion will create additional employment for 3000 people.
Reference Link: https://www.indiantextilemagazine.in/jay-jay-mills-announces-rs-652-crore-investment-and-expansion-plan/