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Bombay Rayon set to open the largest textile plant
16 Dec '08
2 min read
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.”
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
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