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India's Kitex Garments plans to raise production by 3.5x
21
Jun '18
Courtesy: Pexels
Courtesy: Pexels
India’s Kitex Garments Ltd is planning to raise its production capacity from the current six lakh pieces of garments per day for ‘just-borns’ and babies up to 24 months by more than 3.5 times to 22 lakh pieces per day by 2025 to meet increasing demand, according to its chairman and managing director Sabu M. Jacob. This would warrant an investment of ₹2,000 crore.

The funds would be raised through capital subsidy, internal accruals and debt. Fresh investment and machinery for spinning, processing, knitting and sewing will be added from 2018-19 onwards, he added.

The company aims to reach 60-70 per cent of its target by 2022, but a major issues it faces is of training workers. (DS)

Fibre2Fashion News Desk – India


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