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
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

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kerem Durdag
Biovation II LLC

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

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...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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