Saturday 20 / April / 2024
Muscat: SV Pittie Sohar Textiles and National Training Fund signed a Capability Building Agreement (CBA) under which 1,000 Omanis will be trained at SV Pittie Training Centre in Sohar, to enable them with the right foundational and technical skill-set to be employed in the Company’s Textile project. The agreement was signed on the occasion of Oman's 49th National Day.
The Yarn Manufacturing Facility of The Textile Project is an entirely new enterprise in Oman and the initiative of training its workforce is as per Tanfeedh’s national development program.
The agreement was signed by Sharifa Tahir Aidid, CEO, National Training Fund and Neelima Vyas, CEO, SV Pittie Sohar Textiles, under the auspices of H.E. Talal al Rahbi, Deputy Secretary General of Supreme Council of Planning and a key member of Tanfeedh.
Through a comprehensive practice-based curriculum, the Omani youth will be skilled for robust and rewarding job opportunities that will drive the company’s sustainable growth in Oman. The dedicated Training Centre in Sohar will ensure continuous learning process for the existing as well as prospective employees. This will have a multiplier effect in inspiring further innovations and creating more job opportunities.
SV Pittie Group,established in 1898, is one of the largest yarn manufacturers in India. SV Pittie Sohar Textiles is being built with an investment of $300mn on a 27-hectare area and will be equipped with 300,000 spindles and 7,000 rotors. Phase 1 of this project is scheduled to be commissioned later this month. The plant will import 100,000 tonnes per annum of cotton from various countries, primarily being USA, Australia and India. It will produce finished yarn, which will then be exported to major textile markets residing in China, Bangladesh, Turkey and Pakistan.
The Group hosted a high level delegation from Oman of H.E. Sultan al Habsi, Deputy Governor Central of Bank of Oman, H.E. Abdul Salam Al Murshidi, Executive President of State General Reserve Fund, and Abdullah Ma’amary, of Sultan’s Special Forces Pension Fund, along with senior officials from their facility in Rajasthan, India. They dedicated its textile training centre, the largest of its kind in India, to the Sultanate of Oman by naming it “SV Pittie Sohar Research and Training Centre”. At the event, Chirag Pittie, Managing Director of SV Pittie Sohar, said, “We are grateful and honoured to welcome Excellencies, our valued shareholder partner in Sultan’s Special Forces Pension Fund, our Finance Partner in Bank Sohar, and senior officials of the delegation. Your support and patronage plays a pivotal role in strengthening the key foundation of the sector, which is its people. Together with your participation, we will build a highly capable and efficient workforce that will contribute to the long-term economic growth of this country.”
A dedicated supporter of a sustainable diversified economy and its national workforce, H.E. Abdul Salam expressed his “continued commitment in realising collaborative initiatives of capability building to diversify the Omani economy in various sectors, including the Textile Cluster in Oman.”
Ahmed Al Musalmi, Chief Executive Officer of Bank Sohar, the project Finance Partner, said, “We congratulate Pittie Group on this unique milestone that very much resembles our own values of community and economic participation. Bank Sohar, being a strategic enabler for growth of large corporate stakeholders, is always committed to support the national drive for economic diversification, especially through projects that deliver opportunities for sustainable growth in business whilst creating jobs and career development opportunities for thousands of Omanis who will shape the future of our nation. Bank Sohar continues to play an effective and active role in being a partner to the economic growth and prosperity of the country and we will continue to look for such opportunities in the future.”
