Home / Knowledge / News / Apparel/Garments / Dollar Industries to set up facility in Ludhiana
Dollar Industries to set up facility in Ludhiana
20
Jun '15
Hosiery and knitwear brand Dollar Industries which is is headquartered in Kolkata, will invest Rs 25 crore to set up a new facility at Ludhiana, according to media reports.

The company has manufacturing facilities at Kolkata, Tirupur (Tamil Nadu), Delhi and Ludhiana.

According to managing director Vinod Gupta, the upcoming outer-wear unit, catering to loungers, T-shirts and so on, is expected to be operational by over the next 12 to 18 months.

“We have obtained a one-acre plot and construction of factory work has begun. The facility should start commercial production in another 12-odd months or so,” he told reporters. This apart, a possible foray into the super premium men’s inner-wear segment has also been planned around July.

The company is looking to compete with brands like “Jockey” and “Hanes” with the launch of its “Force Nxt” brand next month.

Plans are also afoot to enter the African markets by the end of this fiscal. “There is good demand for our products from African nations. We are exploring the opportunities there too,” Gupta said.

The company, currently listed on two regional stock exchanges – Kolkata and Jaipur, is hopeful of making the transfer to the BSE (Bombay Stock Exchange) by the end of this fiscal.

Gupta said that there are no plans of an IPO.

Dollar reported a turnover of Rs 730 crore last fiscal (FY-15) and is looking at a 17 per cent growth in net sales to Rs 850 crore in FY-16. Profit last fiscal stood at approximately Rs19 crore. (SH)

Fibre2fashion News Desk – India


Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

New guidance for Vietnam's apparel and footwear industry

The Australian Human Rights Commission has released new human rights...

Pic: Shutterstock

Textiles | On 20th Apr 2021

Egypt ready for world's largest textile factory by March 2022

Egypt is going full throttle with the construction of a textiles...

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

COVID-19 lockdown halts garment production in parts of Cambodia

A 14-day lockdown imposed to curb the spread of COVID-19 pandemic has ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

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

Leave your Comments


April 2021

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


Advanced Search