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Alok Inds to invest heavily in capacity expansion
Sep '10
Dilip Jiwrajka, Managing Director, Alok Industries, said that the company's exports are expected to go up from the previous fiscal's Rs. 15 billion to Rs. 25 billion, by close of the current fiscal.

He further stated that, the company intends to launch 80 retail outlets in UK during the 2010-11, thereby bringing the total number of company's outlet to 300.

Sunil Khandelwal, Chief Financial Officer of the company informed that, the firm now has a really good number of export orders with it.

Khandelwal said that, they export a wide range of products and now their polyester yarn exports too have grown substantially. Further, the company intends to raise its polyester capacity by two fold to 400,000 tons by December and also it will be adding another 50,000 spindles to the current capcity of 300,000 spindles, he said.

The firm has assigned Rs 4.5-5 billion individually for the next two fiscal years to boost up production output of towels, bedsheets, technical textiles and polyester. Mr Khandelwal also informed that the company is investing Rs seven billion in the current fiscal to expand capacities.

According to Khandelwal, Indian textile industry has mammoth scope, and is developing at a rate of 15 percent per year, along with which they too are growing at a high speed.

Fibre2fashion News Desk - India

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