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

Textiles | On 27th Aug 2016

French textile machinery makers to show at ITMA CITME

Seven French textile machinery manufacturers will showcase their...

courtesy: JLL

Apparel/Garments | On 27th Aug 2016

Indian cities clocking fastest retail growth: Report

Indian cities such as Bangalore, Hyderabad, Delhi and Pune are...

courtesy: Delta Galil

Fashion | On 27th Aug 2016

VF Corp completes sale of 3 brands to Delta Galil

VF Corporation, a global leader in the design, manufacture, marketing ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search