Home / Knowledge / News / Textiles / Banswara Syntex on a consistent growth path
Banswara Syntex on a consistent growth path
14
Dec '09
Mr Toshniwal, Chairman, Banswara Syntex
Mr Toshniwal, Chairman, Banswara Syntex
Vertically integrated fabric and garment business maker Banswara Syntex Limited has registered consistent performance on products and overall growth for this year despite of global economic downturn.

In an exclusive communication, Company Chairman R L Toshniwal informs, “The Company improved its performance in terms of profit by increasing the volume of value added business (fabric and garment), achieving better productivity as well as cost control on various inputs. In the international markets, the Company recorded large volume customer sales for fabrics. We are having a good order book position and accordingly, we expect that the performance of the next 2 quarters should continue to be satisfactory.”

In fact, Toshniwal should know better being an industry veteran and past leader of several textile bodies like Synthetic & Rayon Textiles Export Promotion Council (SRTEPC). Turning to future prospects, he says, “Our fabric and garment businesses are increasing and their joint was 51 percent during 2008-09, which is likely to go up to 65 percent during 2011-12. We forecast an 18 percent increase in growth in garment business during 2011-12, up from 8 percent in 2008-09.”

Banswara Syntex is placing thrust on new product development, in areas like fire retardant fabric where it plans to produce coated/laminated fabric used for manufacture of hand bags, travel bags, rain coats, outer wears, water repellant fabrics, anti fungus and anti bacterial processing, wash and wear fabrics etc.

Revealing investment plans he says, “The Company has taken up plan for expansion, modernization and diversification. The total capital cost of the project including margin money is Rs.60 Crores.”

The segment wise capital expenditure is envisaged as under:

(Rs in Lakhs)
Spinning Plant: 1868
Dyeing Plant: 629
Fabric Weaving Plant: 819
Jacquard Furnishing Fabric: 922
Fabric Processing Plant: 807
Ready-made Garment Unit: 955
------
Total: 6000
------

Banswara Syntex boasts of possessing as their clients from among global retailers and brands like Marks & Spencer, J.C. Penny, GAAP, LEVI's-Dockers , Next, Perry Ellis, Target Corporation and Sears.

Toshinwal turning to future trends in textile apparel business says, “Brands and Retailers will lookout for vendors who will offer full package service and supply, which means integrated textile manufacturers offering garments ready to sell will be preferred. At Banswara Syntex, we are doing the same, and are increasing the apparel capacity gradually to meet the buyers' expectations as we are now fully integrated to offering products right from Yarns to Garments.”

Acknowledging that his company earns better margins in case of export sales and fabrics delivered to readymade garment makers in India, Toshiniwal expects Government to provide better Draw Back Rates for garments that will enable Indian garment manufacturers to compete with China, Vietnam and Bangladesh.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X