Home / Knowledge / News / Textiles / India's Nahar Group plans Rs 15bn expansion in Punjab
India's Nahar Group plans Rs 15bn expansion in Punjab
Jun '13
Nahar Group, a leading Indian textile firm, has announced that it would invest Rs. 15 billion for expansion of its Punjab-based spinning and denim capacities.
The announcement came just a day after the Punjab government unveiled its new industrial policy embracing a whole range of incentives. 
Kamal Oswal, Vice Chairman and Managing Director of Nahar Industrial Enterprises said pursuant to their Rs. 15 billion expansion plan, the company would install 200,000 new spindles at its yarn producing units at Malerkotla and Jodhan in Ludhiana and Larlu in Mohali, Business Standard reported.
Presently, the company has a total installed capacity of 800,000 spindles.
The company also plans to expand its denim production capacity from the existing 20 million meters to 40 million meters per annum. For this, it plans to boost its Ludhiana plants capacity by 20 million meters, Mr. Oswal said. 
The spinning and denim capacity expansion would take place within next two to three years, he added. 
Following expansion, the company’s turnover is expected to grow from the existing Rs. 60 billion to Rs. 80-90 billion. The expansion effect would mainly be seen in the topline, Mr. Oswal said.
The expansion would be funded through a mix of internal accruals and borrowings, he added.
In the new industrial policy pronounced on June 3, Punjab government has assured to offer VAT exemption of 50-80 percent to new producers including those in integrated textile sector.
Also, the state government announced total exemption from stamp duty, property tax and electricity duty and 75 percent exemption in Central Sales Tax (CST) for upcoming units and expansion projects.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

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

Kerem Durdag
Biovation II LLC

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

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

Mike Hoffman
Gildan Activewear SRL

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search