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

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

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

Yash P. Kotak
Bombay Hemp Company

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> 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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search