Home / Knowledge / News / Apparel/Garments / Dollar innerwear to tap new west Asian markets
Dollar innerwear to tap new west Asian markets
29
Dec '10
Dollar Industries, which has in its stable one of the top selling innerwear brands in India is planning to tap new Asian markets like Iran, Iraq and Myanmar after having created a mark in the lucrative Gulf countries, by being one of the largest innerwear exporters from India.

In the previous fiscal year, Dollar clocked a turnover of Rs 2.96 billion and expects to grow by around 18 percent and post revenues of Rs 3.50 billion in the current fiscal. It also exported Rs 250 million worth of goods in 2009-10 and has targeted to touch Rs 280 million in 2010-11.

Dollar which has roped in bollywood actor Akshay Kumar as its brand ambassador has four production units in Delhi, Ludhiana, Kolkata and Tirupur, churns out over 350,000 pieces per day. It also went in to backward integration and acquired a spinning mill in Tamil Nadu, recently.

Speaking to fibre2fashion, Mr Vinod Gupta, Managing Director - Dollar Industries informed, “Both Iraq and Iran have a good market for Indian hosiery products, because of heavy infrastructural developments and there is no difference in perception of consumers in the countries of the region and those from India”.

Revealing his other plans, he said, “We are also eyeing the European market with our new product 'Myme' and our association with retail giant Carrefour would lead us there”. The company has launched for the first time in the history of vest in India, Men's 'Designer Undershirt' – 'MyMe', designed by eminent designers of this generation using fabrics made from'100% American Pima Cotton'.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Slight drop in Unifi 2017 Q3 sales

The net sales of Unifi Inc., one of the world's leading innovators in ...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

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

Marcel Alberts
Eurofibers

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

Robert Brunner
Devereux

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X