Home / Knowledge / News / Textiles / 'Rest of 2009 expected to be positive' – CEO, KG Denim
'Rest of 2009 expected to be positive' – CEO, KG Denim
16
Jun '09
The denim industry in India took off after the nineties. Major textile manufacturers like Arvind Mills, KG Denims, Aarvee Denims, Malwa Cotton and Century Textiles etc set up big capacities of the fabric in India, on the back of an increasing global and domestic demand for the fabric. But the economic crisis which has affected the textile sector deeply may also have affected the denim industry. Fibre2fashion in its quest to know the impact on this vital sector, which is the single largest export product category from the textiles sector, spoke to Mr Balkrishna CEO, KG Denim Ltd.

KG Denim is a premier denim and apparel fabric manufacturer, whose products are well sought after by leading jeanswear makers, fashion brands and retailers worldwide and is part of a textile group having annual turnover of US $150 million. The company manufactures; 24 million meters of denim fabrics, 12 million meters of cotton fabrics, 2 million equivalent sheet sets of made-ups and 3 million units' of jeans & trousers.

We began by asking him as to how big is the impact of the crisis on the denim industry in India, to which Mr Balkrishna said, “The whole of last year had gone with the recession which affected the denim industry badly thereby reducing the fabric sales. The mills were under utilized for most of the period last year and the trend has continued till March 2009”.

Next we asked to let us know the steps they have taken to reduce this impact, to which he replied by saying, “Have worked out strategy to balance the product mix covering both domestic and international market as well as reducing the expenses at both production and administration fronts have helped us to an extent”.

Next we asked him to gaze through a crystal globe and asked him to foresee the rest of 2009, to which he projected by saying, “The rest of the year is expected to be positive and on the upward trend as the sales is expected to go higher in both the domestic and overseas markets. The domestic market has already picked up the tempo and we are expecting a good demand from the brands and exporters across India for the next four months. The overseas market too has opened up and the orders have started coming in and we expect this trend to continue through the whole of this year”.

To conclude the interview we asked him to please let us know their product mix and export markets, to which he divulged details by saying, “We have a strong presence in the European market and are servicing buyers based in Spain, U.K., Italy, France, Belgium, The Netherlands, Germany and Turkey and we are also supplying fabrics to the major production centers like Turkey, Egypt, Tunisia, Bangladesh, Sri Lanka and Hong Kong/China”

“We also have our fabrics nominated with buyers in USA who have fabrics shipped to North Africa and FarEast for production. Our product range covers fabrics in 100% cotton, T400 stretch, Power stretch, Cotton/Poly denims and various finishes namely Resin, Aqua finish, Jawa finish and Tyrex finish in colors Pure Indigo, Baby Blues, Medium and Dark Grey, Vintage Green and Brown”, he concluded by saying.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Indian e-retail market may see 250% growth in 3 yrs: Crisil

Apparel/Garments | On 22nd Feb 2018

Indian e-retail market may see 250% growth in 3 yrs: Crisil

India’s e-retail market may rise by 250 per cent in the next three...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Ritu Kumar
Label Ritu Kumar

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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