Apparel Online India Magazine January 1st Issue 2019 | Page 41

INVESTMENTS
September 16-30
Splenora Textures invests
US $ 17 million to enter into
denim production
“We have shortlisted the machinery, be it looms
(Tsudakoma, Japan) or processing and as we will
produce premium quality fabric, our infrastructure
is also of high standards. Our focus will be on
premium denim fabric like 11.5 to 12.5-ounce
stretch denim, premium slub lycra, etc. Soon
installation will start as more than 40 per cent
construction is complete. Total 6 acres of land
is being used for this project and residence
facility will also be provided to the labour by the
company.”
NAINESH TRIVADI
CEO, Splenora Textures
Team Splenora Textures LLP: (L-R) Nirav Kasundra, MD; Nainesh Trivadi, CEO;
and Parth Saradva, Director
June 1-15
Gokaldas Exports to double
capacity; raises Rs. 70 cr. from
market
Bangalore-based export house Gokaldas Exports
Limited has raised Rs. 70 crore via qualified
institutional placement (QIP). The company
closed its share sale with institutional investors,
such as HSF Mauritius and L&T Mutual Fund
owning to stock in the company. According
to Siva Ganapathi, MD of the company, the
organisation plans to use a portion of the fund
to set up new factories, mainly in low-cost
locations as it is expecting to almost double the
capacity in the next three to four years. A part of
the fund would also be used as working capital.
The company is in the process of strengthening
the management team, besides upgrading
technology and infrastructure.
EXPANSIONS/NEW DEVELOPMENTS
BY MEDIUM-LEVEL EXPORTERS
July 16-31
Boom Clothing
starts new
factory;
to expand
further
“We recently started
a new factory with
a capacity of 20,000
pieces per month and
it is further geared
up for 200 per cent
increase in capacity
in the next three
years. We are working
mostly with reputed
brands like Rapsodia,
Argentina and getting
good response for our
value-added ladies
jeans (average FOB of
US $ 10 to US $ 30)
as we work a lot
on various levels,
like washes, hand
embroidery, etc.”
– Surya Kant Prakash,
Director, Boom
Clothing
February 1-15
March 1-15
Pearl
Apparels
adds Adidas;
is planning
to start new
factory in
Jharkhand
“We are working
with the Government
bodies in Jharkhand
and have told
them about our
requirements of
land. We don’t want
to buy any private
land there and will
go for Government
land only. They have
very limited land
parcels, so according
to the availability
of the land, we will
finalize what capacity
will be installed
there.” – Amit
Gupta, Partner,
Pearl Apparels
A journey
from worker
to owner…;
Rs. 25 crore
turnovers in 3
years
“Mindset of an
‘Owner’ or a ‘GM’
attitude will not
work. I don’t have
such designations
or posts in my
unit. I myself work
as a teacher. I
pick my staff from
lower level, train
them and get the
job done from
them.” – Swaran
Singh, Owner and
‘Teacher’, Pearl
Apparel Inc.
September 1-15
Fashion
Images
Overseas
improves
production
quality with
Rs. 50 lakh
investment
“We have got good
results from the
investment as the
work on shopfloor,
which was being
done earlier in 8
hours, now takes less
than half the time.”
– Aseem Singla,
Director, Fashion
Images Overseas
April 16-30
SSKH Textile Industries
starts a new factory
With an investment of Rs. 5 crore, this
new factory can produce 30,000 shirts per
month. Majorly into exports, the company
is ready to take on domestic market also
with more products. “For exports, we have
a wide product basket and offer most of the
product categories in apparel segment. But
in domestic, where we are comparatively
new, casual shirts were missing. Since casual
shirts are now being allowed in offices
also, so its demand is growing.” – Kailash
Agarwal, MD, SSKH Textile Industries
Kailash Agarwal, MD, SSKH Textile
Industries with his son Harshul
www.apparelresources.com | JANUARY 1-15, 2019 | Apparel Online India
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