Home / Knowledge / News / Apparel/Garments / Gokaldas plans expansion in 1 & 2 tier cities
Gokaldas plans expansion in 1 & 2 tier cities
21
Jan '08
Gokaldas Exports, in which the US based equity giant Blackstone has picked up a 50.1 percent stake, is planning to set up 2 more manufacturing facilities in 2 and 3 tier cities in Karnataka.

The Bangalore-based leading exporter of garments, as a part of its expansion plan is setting up production units in Mangalore and Hubli. The company, currently, has 49 manufacturing locations across South India.

High costs of setting up units in Bangalore was the key reason behind this move. The real estate is very expensive and there is an acute shortage of labor in the city. The cost of real estate in these secondary and tertiary is very economical compared to prices in the big cities of the south.

The company had last year set up 6 new units including the SEZ at Chennai. They also have a presence in towns like Mysore and Tumkur. The 2 units in Mangalore and Hubli are proposed to manufacture around 2 million units each per year.

In future the company would be looking at expanding in secondary and tertiary towns and cities.

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search