Home / Knowledge / News / Textiles / Tirupur-based Ramraj Cotton plans new Rs 1bn weaving unit
Tirupur-based Ramraj Cotton plans new Rs 1bn weaving unit
25
Feb '13
Ramraj Cotton, a producer of shirts, dhotis and innerwear, based in Tirupur, a textile hub in Indian state of Tamil Nadu, intends to invest one billion rupees for setting up a new weaving unit in Sankagiri in Tamil Nadu during ongoing calendar year.
 
Briefing media, Mr. KR Nagarajan, Founder and Chairman of Ramraj Group, said the new facility would have a capacity to produce 150,000 metres of fabric per day. The proposed amount for investment would be raised from internal accruals, he added.
 
The Group currently operates five production facilities at Erode, Tirupur, Bangalore, Madurai and Coimbatore and has invested three billion rupees in these facilities so far.
 
The existing capacity of the group stands at 20,000 shirts, 100,000 pieces of innerwear and 250,000 metres of fabric per day.
 
Sharing his views on the sidelines of opening of company’s two new Shop ‘N’ Shop outlets in the city of Hyderabad in Andhra Pradesh, the Group Chairman said they expect their turnover from Andhra Pradesh market to reach rupees one billion by next year.
 
He said already having impressive turnover at present, the company looks forward to achieve an overall turnover of Rs. 10 billion by next year.
 
Shipping its goods to Singapore, Mauritius, Dubai and Malaysia, the firm earns five percent of its overall revenues from exports, Mr. Nagarajan said. 
 
Noting that the firm holds half the market share for dhoti in South India, he added that the Group’s shirt-dhoti sale ratio stands at 35:65. Also, he said the dhoti market in India is worth Rs. 10 billion.
 
Mr. Nagarajan said being a key market player in four southern states, the Group is now planning penetration in northern and western states over the next two years. However, he said these states do not have acceptance for dhoti and hence they plan to infiltrate in these markets with production of kurta and pyjama.
 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

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

Robert Brunner
Devereux

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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