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

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kerem Durdag
Biovation II LLC

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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