It will be set up by UP Industrial Department under Public Private partnership (PPP) model at a cost of approximately Rs 8 crore.
It is scheduled to be completed by April, 2026 with target production capacity of approximately 50,000 metric tons of yarn per year.
Significance of the Project:
Beneficial for Exporters and Farmers: Exporters from the Purvanchal region will have access to a local wool supply, reducing their dependence on states like Rajasthan and Kashmir for carpet wool.
They will obtain affordable wool for carpet weaving, thereby lowering the overall cost of carpets.
Sheep farmers will also get a good price for their wool.
Industrial Recovery: The carpet industry, affected by US tariffs and rising import costs of wool from countries like New Zealand and Australia, will have a chance to recover.
Employment Generation: The establishment of this plant is projected to provide direct employment to approximately two hundred youth, also more than five lakh sheep herders will receive indirect employment.
The proposed plant will also benefit Private blanket factory operators in Sonbhadra and Varanasi, they will get wool at cheaper prices and cost of woolen blankets will also be reduced.
