03 October 2019
MTLL started commercial production in 1900s and has business operations in nine states and one union territory. It has a diverse offering across cellulosic products like cotton, rayon, viscose as well as dyed and printed knitted, woven and blended fabrics which have wide-scale applications in the garment industry.
Due to rising demand from markets like China, Turkey and Brazil, the company intends to set up a new manufacturing unit to process knitted denim fabrics. MTLLs exports grew at a compound annual growth rate of 367 per cent from Rs 50 lakh in 2016-17 to Rs 11 crore in 2018-19.
India continues to be a major exporter of textiles while the United States and Europe continue to be major importers.
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