Home / Knowledge / News / Textiles / Bombay Rayon set to open the largest textile plant
Bombay Rayon set to open the largest textile plant
16
Dec '08
Bombay Rayon Fashion Limited (BRFL) one of the most versatile and technically advanced fabrics and apparels manufacturers in India is all set to open the largest textile plant in the country with an investment of around US $250 million.

Speaking exclusively to Fibre2fashion.com, Mr A R Mundra, Executive Director - Finance, Bombay Rayon, told, “We are setting up fabric and garments manufacturing facilities at different locations in Maharashtra with total investment of above US $250 million. Out of that the largest facility of 500,000 meters per day most modern process house for fabric manufacturing will go on stream next month.”

Last month BRFL had signed a Memorandum of Understanding (MOU) with the Government of Maharashtra towards expanding its fabric and garment making capacities by setting up new facilities at Tarapur, Islampur, Ichalkaranji and other lesser developed areas of Maharashtra like Latur, Nanded and Osmanabad.

The current year has witnessed few major changes in the world economy. Indian rupee depreciated 25 percent against the US dollar. But more importantly, it has also depreciated 24 percent against Chinese RMB.

Anyways, depreciating rupee has helped Indian exporters as now they have started taking advantage of the current situation, by fetching more orders from the overseas countries.

Now stronger RMB has proved disadvantageous for vast textiles industry of China, paving the way for Indian producers to win market share. Continuing on this line, Mr Mundra affirmed, “The Indian producers with large capacities in specific textiles and garments will definitely get benefited getting more orders because of strain on Chinese Industry because of stronger currency, rising labour costs and other factors.”

Fibre2fashion News Desk - India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kevin Nelson
TissueGen

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


June 2018

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

news category


Related Categories:

Advanced Search