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Nandan Denim targets 110 mn metres of fabric by Q1 FY17
29
Mar '16
Ahmedabad-based denim fabric maker Nandan Denim expects to increase its production capacity to 110 million metres per annum by the first quarter of the coming financial year from the current production capacity of 71 million metres per annum

Nandan Denim President Govind Sharda told a news agency that the new production target would make the company the country's denim producer.

The company has earmarked a capacity expansion plan to strengthen its domestic market share, expand exports business and have an increased focus on value-added segments.

Nandan Denim Ltd (NDL) is also expanding spinning and shirting segments. The company is increasing spinning capacity from 54 tonnes per day to 124 TPD and yarn dyeing shirting capacity to 10 million metres.

Sharda said there is a lot of opportunity in fabric business both in India and overseas market. After commissioning of the expansion, Nandan Denim's exports would contribute about 30 per cent of the overall business in two years. The company exports denim fabric to over 28 countries, he said.

The company hopes to register a turnover of around Rs 1,300-1,400 crore in financial year 2016-17, he added. (SH)

Fibre2Fashion News Desk – India

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