Home / Knowledge / News / Textiles / Nahar plans to launch 60 new outlets
Nahar plans to launch 60 new outlets
10
Oct '06
Textile company Nahar Industrial Enterprises (NIEL) based in Ludhiana, part of the Rs 2,000 crore Nahar Group, plans investment of Rs814 crores in next two years to increase production and retailing.

Added to this, it is launching its subsidiary Nahar Retail to focus on India's expanding retail sector. This will comprise NIEL's garment production and retail enterprises and Cotton County brand of 2005.

Director Kamal Oswal informed that NIEL plans addition of 60 special franchise stores of Cotton County in coming three months to its current 110 stores. He said Nahar would have total 250 outlets by 2006, and was working on long term plans to set up 1,000 stores within March 2010.

He added that company wants retail business to fetch returns of Rs100 crore in 2006, which will possibly rise to Rs350 to Rs400 crore in 2007.

NIEL's expansion plans also include rise in production capacity. Company expects output of processed fabric to rise from 1,15,000 meters daily to 2,00,000 metres, while production of readymade garments will reach 4 million pieces per year by March 2008.


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

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...

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search