Home / Knowledge / News / Apparel/Garments / Brandix SEZ hopes to attract Rs 45 bn as investment
Brandix SEZ hopes to attract Rs 45 bn as investment
09
Jul '10
Brandix India Apparel City (BIAC) Pvt Ltd is hoping to receive investments of up to Rs 45 billion, over the coming 4-5 years. Negotiations for the same is currently going on, with around 8-10 apparel producers, worldwide.

An Indian wing of the Sri Lankan-based Brandix group, BIAC has established a textile SEZ in Visakhapatnam district, spreading across 1,000 acres of land.

Currently, four units are operational in the SEZ and have made a total investment, on the infrastructure and other facilities, of around Rs 4 billion. Two more units are about to be set up and an additional investment of Rs 4 billion will be made to develop production facilities.

Twenty-one integrated textile parks, to be set up across India, have received the Centre's nod in 2005. Currently, of these 21, two are operational including the BIAC.

With BIAC likely to consist of 20 more units, and following complete occupation of the zone, exports will be in a position to reach $1.2 billion per year.

Several China-based apparel firms are eyeing the BIAC zone, as a probable location for their units, and are most likely to establish their facilities soon enough. As of now, BIAC has already exported apparels worth Rs 1.9 billion and earning an additional sum of Rs 2 billion from clothing exports, is their aim for this fiscal.

As of today, more than 5,000 people are employed with BIAC and by the end of this fiscal; the figure will increase to touch 10,000. By 2015-16, BIAC aims to employ 60,000 persons, with most of them being rural girls.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

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

Prathyusha Garimella
Prathyusha Garimella

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search