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

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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