Home / Knowledge / News / Apparel/Garments / Dollar plans outerwear & thermals unit in Ludhiana
Dollar plans outerwear & thermals unit in Ludhiana
13
Aug '14
Dollar Industries Ltd, one of the largest hosiery brands in India has plans to set up a new manufacturing unit in the knitting textile hub of Ludhiana.

Dollar will invest around Rs 25 crore in the unit which will be set up over a one acre plot and is expected to be operational by end of next fiscal year, The Hindu said.

Mr Vinod Gupta, MD of Dollar Industries said the new unit will manufacture thermals and outerwear. Dollar sells outwear under the brand name of ‘Force’, which includes trousers, chinos and jeans.

In the last fiscal year 2013-14, Kolkata-based Dollar Industries posted revenues of Rs 689 crore and net profit of around Rs 61 crore and is hoping to achieve a revenue growth of 24 percent this fiscal year to touch sales of Rs 850 crore.

Dollar has manufacturing facilities – both owned and outsourced in Kolkata, Tirupur, Delhi and Ludhiana.

Dollar which is currently listed on the Kolkata and Jaipur stock exchanges will also list on NSE or BSE in the near future and has appointed merchant bankers to oversee the same.

Mr Vinod Gupta added that Dollar will explore further fund raising options once its Ludhiana project is through and it has listed on a national stock exchange to meet SEBI norms.

Dollar, which also owns the license for manufacturing and marketing of Singapore based – Crocodile branded apparels, is planning to enter markets of Bangladesh and Pakistan later this year. It has a license to sell in all neighbouring countries and currently markets them in Nepal and Bhutan.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 4th May 2016

Ahead of FTA talks with China, Lanka worried about TPP

Even as Sri Lanka prepares for the third round of talks for a Free...

Courtesy: SABIC

Textiles | On 4th May 2016

SABIC converts CO2 waste into valuable products

Saudi Arabia based diversified chemicals company SABIC completed an...

Courtesy: Kornit Digital

Textiles | On 4th May 2016

Kornit Digital reports 24% rise in Q1 revenue

Kornit Digital, a digital printing solutions provider for the global...

Interviews View All

Paolo Briatore
INVISTA India Sales & Services Ltd.

How do you find the market for intimate wear in India as compared to the...

Steve Lamar
American Apparel and Footwear Association (AAFA)

What are proposed changes to the compliance rules and how will it affect...

Martin Kagi
Buhler Group

Give us an insight about the Swiss yarn production market and how do you...

Alessandro D'Andrea
Fameccanica.Data S.p.A.

Mr. Alessandro D’Andrea a Mechanical Engineer from Polytechnic of Turin...

Mr. Anant Kanoi
TechFab India Industries Ltd

Mr. Anant Kanoi is the Managing Director of TechFab India Industries Ltd....

Paige Mullis
Glen Raven Inc

<i><b>Paige Mullis</b> discusses the expansion plans of Glen Raven Inc in...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search