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Koutons makes way for retailing in West Asia
07
Feb '08
Koutons Retail, an apparel manufacturing company in India has pitched itself to enter the West Asian markets by the end of 2008.

In an exclusive interview with Fibre2fashion, Mr DPS Kohli, Chairman of Koutons Retail India stated, “We are particularly focusing on Middle east markets as also alternatives in China for our overseas expansion.”

By the end of 2010, Koutons is aiming to come up with 1,000 men's stores and 2,000 Charlie Outlook stores for the youngsters.

The company is planning to invest around Rs45 crore for 100 of its flagship stores in around 30 cities.

Recently Koutons raised about Rs100 crore from its initial public offering (IPO) and will utilize Rs55 crore for setting up a new plant including buying land, while Rs10 crore for capital goods and machinery. Besides, Rs5.5 crore will be used for implementation and upgradation of information technology.

Mr Kohli further informs that at present, Koutons manufactures around 16.5 million pieces every year, however, once the new plant comes into operation, the capacity would get expanded to around 25 million pieces.

Fibre2fashion News Desk-India

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