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We will cross Rs 11 bn in revenues – MD, Sangam (India)
02 Dec '10
2 min read
“We will cross Rs 11 billion in revenues for the current fiscal, up from Rs 8.52 billion in the previous fiscal year”, said a top official of the Bhilwara based; Sangam (India) Ltd, without mincing words. This means a phenomenal year-on-year jump of 29 percent.
However, Mr SN Modani, the dynamic Managing Director of the Bhilwara based Sangam (India) Ltd., does not foresee any hindrances in touching the figure.
Sangam (India) has one of the largest units in India to produce dyed yarn using state-of-the-art machinery. The company exports its premium product range to Turkey, Belgium, Spain, Middle-East, and various other countries. It is also an ISO 9001:2000 certified company producing the world's finest fabrics, including denim.
Speaking exclusively to fibre2fashion, Mr Modani said, “The company will be able to cross the turnover of Rs 11 billion since it has already crossed more than Rs 5 billion in the first six months and we do not foresee any hindrance in fulfilling the targets and are sure to touch the figure”.
“The textile market is good and due to shortage of raw material in the world and comparatively better availability in India, the textile sector will grow. Sangam has already completed a major expansion in 2007-08 and today has a sizeable market share in P/V dyed yarn. Denim capacity has also increased to 20 million meter per year”, he noted.
Informing about their exports, he said, “The export market is good and we will be achieving export turnover of Rs 2.6 billion during this financial year in which, yarn constitutes major portion of the export revenue”.
When asked for current trends in the denim market, he said, “Customer choices are changing frequently. Stretch fit / comfort stretch fit products are widely accepted now which was not accepted in men's segment. More and more people are opting for it because of its comfort to wear and maintain. More values are added through different cast and optics of fabric after wash. The market potential is increasing and growth is expected around 8 – 9 percent year on year”.
However, Mr SN Modani, the dynamic Managing Director of the Bhilwara based Sangam (India) Ltd., does not foresee any hindrances in touching the figure.
Sangam (India) has one of the largest units in India to produce dyed yarn using state-of-the-art machinery. The company exports its premium product range to Turkey, Belgium, Spain, Middle-East, and various other countries. It is also an ISO 9001:2000 certified company producing the world's finest fabrics, including denim.
Speaking exclusively to fibre2fashion, Mr Modani said, “The company will be able to cross the turnover of Rs 11 billion since it has already crossed more than Rs 5 billion in the first six months and we do not foresee any hindrance in fulfilling the targets and are sure to touch the figure”.
“The textile market is good and due to shortage of raw material in the world and comparatively better availability in India, the textile sector will grow. Sangam has already completed a major expansion in 2007-08 and today has a sizeable market share in P/V dyed yarn. Denim capacity has also increased to 20 million meter per year”, he noted.
Informing about their exports, he said, “The export market is good and we will be achieving export turnover of Rs 2.6 billion during this financial year in which, yarn constitutes major portion of the export revenue”.
When asked for current trends in the denim market, he said, “Customer choices are changing frequently. Stretch fit / comfort stretch fit products are widely accepted now which was not accepted in men's segment. More and more people are opting for it because of its comfort to wear and maintain. More values are added through different cast and optics of fabric after wash. The market potential is increasing and growth is expected around 8 – 9 percent year on year”.
Fibre2fashion News Desk - India
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