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

Two slabs of GST will affect Bengaluru garment units: SIGA

Apparel/Garments | On 23rd Jan 2018

Two slabs of GST will affect Bengaluru garment units: SIGA

The South India Garment Association (SIGA) has voiced its concern...

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

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 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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