Home / Knowledge / News / Textiles / Digjam ties up with Scotland's Holland & Sherry for JV
Digjam ties up with Scotland's Holland & Sherry for JV
23
Sep '15
Textile major Digjam has formed a 51:49 joint venture with Scotland-based premium fabric maker Holland and Sherry for distribution of their products, a top company official has said. The JV has been named Holland and Sherry India Pvt Ltd. The company will be operational in another three months.

"We recently got the government approval for the new company. There will be two persons each from Digjam Ltd and Holland and Sherry on the Board for the newly formed company", Digjam Managing Director and Chief Executive Officer C Baskar said at the launch of Winter Collection 2015 in Chennai.

Baskar said the company would distribute Holland and Sherry premium products in the country.

"Earlier, we were selling their products after buying it from them. Now, we will be directly selling Holland and Sherry products in India. Also, we will utilise their network to distribute our product", he said.

He did not rule out the possibility of making certain products for Holland and Sherry from Digjam's facility at Jamnagar, Gujarat, which has an annual capacity of five million metres of clothes.

"They may use Digjam facility or some other manufacturing facility. We are still in the early stages of the joint venture".

Baskar said Digjam Ltd expects to register a turnover of Rs 160 crore in 2015-16.

"Last year there has been fluctuation in our revenues due to situation in United States and Europe. It was around Rs 130 crore. This (financial) year we are expecting Rs 160 crore". (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

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

Bani Batra

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

Yash P. Kotak
Bombay Hemp Company

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

Robert Brunner
Devereux

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

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