Home / Knowledge / News / Apparel/Garments / Venus receives Supplier of the Year 2007 award from Walmart
Venus receives Supplier of the Year 2007 award from Walmart
18
Jul '08
Retail giant Wal-Mart has given Ludhiana-based Venus Garments Limited, Supplier of the Year 2007 award, for its excellent performance and on time delivery throughout the year. One of the largest exporters of knitwear, Venus has managed to create a special and prominent place for itself in the international market.

In an exclusive interview with Fibre2fashion, Mr Anil Jain, Chairman, Venus Garments asserted “A lot of effort was put in to be recognized by Wal-Mart. Our team in particular had shown tireless dedication to cater to the needs of our buyers. We constantly reviewed our progress in terms of quality, on-time delivery, and samplings because with buyers like Wal-Mart, a lot of time and effort has to be put in before you even start receiving orders.”

Today Venus shines bright, working out of a 6 lakh square feet area and its eight units are spread in different parts of the nation. It has stiching capacity of around 2 million pieces per month and can produce 15 ton of knitting and finishing fabric daily. However, the beginning of Knitwear giant was humble, Mr Anil says, “When Venus Garments was established, we had a very clear vision in mind. We had laid down clear goals of where we want to be in 5, 10, or 15 years. Every time we achieved something big, we set an even higher goal for ourselves for the next time. All of this didn't happen suddenly, instead it evolved with time. With Wal-Mart's supplier award in hand, we now aspire to become the largest exporters of knitted garments from India.”

Many garment manufacturing units across nation had booked losses last year owing to rupee appreciation but Venus stood tall amidst crises. While taking about the steps their company took, Mr Jain divulged, “Immediate steps that we took were to cut costs wherever possible by strongly focusing on improving our efficiencies, which is going to help us in the long run as well. We also strengthed our backward integration by expanding yarn dying, knitting, fabrics processing capacities. We also hedged our currency risks to take care of rupee appreciation. I think situations like these make us more competitive in local and global terms, and we tend to see to the positive side of it.”

At present, Venus Group is involved in all the sectors that are related to apparel making that includes yarn and fabric dyeing, knitting, finishing, garmenting, garment washing and printing. While sharing his views related to the future of textile industry, the Chairman opined, “As most of the buyers now want to source at the cheapest possible prices, it is going to be survival of the fittest. We have to be really cost competitive. Innovation and knowledge based products are other areas we have to look into. With the economy growing at a fast pace, we see a bright future for textile industry.”

The impressive clients list of Venus, which has shown outstanding growth of 48 percent over the last three years, includes Gap Inc, Wal-Mart, Tom Tailor, The Children's Place, Sam's Club, and Suburbia. The products range from T-shirts, jogging suit, thermal wear, and sweaters for men, women, kids and infants.

Fibre2fashion News Desk - India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Vasanth Kumar
Max Fashion India

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

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Yash P. Kotak
Bombay Hemp Company

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

July 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

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

Yes No

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

Yes No

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


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



X