MCPI Marks Silver Jubilee with Visionary Growth, Jobs of the Future in Focus – The Times of Bengal

BY PAYEL KAR

On its 25th anniversary, MCPI reaffirmed its long-term commitment to innovation, inclusive growth, and responsible business. With strategic investments, a focus on people, and sustainability at its core, MCPI is poised to shape the future of India’s polyester industry while remaining deeply rooted in community and environmental stewardship.

People-First Philosophy and Job Creation

MCPI employs over 1,200 professionals and supports thousands of indirect jobs in logistics, supply chain, and local services. The company’s ‘People First’ HR policy focuses on continuous skill development, Initiatives like advanced learning management systems, digital performance tracking, and inclusive leadership programs reflect the company’s commitment to employee growth and empowerment.

Investing in the Future: Downstream Integration and New Ventures

As part of its forward integration strategy, MCPI is expanding into high-value polyester segments:

In February 2021, MCPI acquired Garden Silk Mills Limited (GSML) as a wholly owned subsidiary.In February 2024, it commissioned a Rs. 1,250 crore Fully Drawn Yarn (FDY) plant with a capacity of 272 tons per day, using advanced German technology. Also,in December 2024, MCPI entered a landmark joint venture with Indian Oil Corporation Limited (IOCL), investing Rs. 4,382 crore in a polyester yarn manufacturing facility in Bhadrak, Odisha. The plant will house a 900 TPD CP unit, producing FDY, DTY, and polyester chips.These initiatives are poised to create thousands of additional jobs, catalyze regional industrial growth, and deepen India’s textile manufacturing ecosystem.

Sustainability, Governance, and ESG Commitment

Well ahead of industry trends, MCPI embedded sustainability and corporate responsibility into its core strategy.Trust, Integrity, Compliance, and Respect—underscore its commitment to not only legal compliance but also societal impact and ethical business practices.

Speaking on the occasion, Dr Purnendu Chatterjee, Chairman, MCPI said, “As MCPI celebrates its Silver Jubilee, I extend my sincere gratitude to our employees, stakeholders, and their families for their unwavering support. Since 2016, MCPI has transformed into a future-ready, agile organization by embracing a ‘Talent First’ approach, digital innovation through MCPI 4.0, and best-in-class safety and ESG practices. Our strategic forward integration—from PTA to synthetic fibres and B2C through Garden Vareli—has positioned us for long-term growth. MCPI’s strength lies in combining Japanese operational excellence with Indian adaptability, making it a company built not just for today, but for the future.”