Home / Knowledge / News / Apparel/Garments / Indus Fila banks on booming apparel market for expansion
Indus Fila banks on booming apparel market for expansion
10
Jun '08
Getting ready to make the most of the booming apparel market in India as well as in Asia, Indus Fila, a Bangalore based textile manufacturer is pondering over a gigantic retail plan to exploit these potential markets.

The company also has another identity that positions it as one of the major suppliers to such popular apparel brands like Nautica, Lee and Wrangler.

Industrial sources informed Fibre2fashion that presently, Indus Fila has plans to set up some 30-40 retail outlets across India in a years time with the first one opening in Bangalore by September 2008.

On the whole, the company will come up with a total of 500 stores in India and some others in Asian countries over a period of 2 to 5 years initially investing about Rs2000 million.

The location for the first retail store in Bangalore has already been finalized along with a tie up with two franchises to speed up the work. These outlets will mainly serve the customers with its exclusive line of apparel, shoes and accessories for both men and women.

As of now the main objective of Indus Fila is to sell high quality goods at reasonable prices directed to demography of middle class buyers. Nearly 80 percent of the products to be sold in these retail outlets would be manufactured by the company itself.

Some of the ongoing venture engaging Indus Fila is the construction of a plant in Hindupur in Andhra Pradesh. The company has also inked a deal with Sangli-based textile company and has recently purchased a fabric division of Mysore-based Sri Laxmi Industries for expanding and enhancing its production capacities.

On an average the company churned a revenue of Rs5150 million this fiscal year, 40 percent of which came from exports. Its manufacturing unit in Bangalore is also contributing immensely to enlarging profit margins.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Prime Minister's Office, UK

Textiles | On 15th Nov 2018

British PM May secures cabinet support on Brexit

The British cabinet on 14 November backed a draft withdrawal...

India expands paperless processing of export documents

Apparel/Garments | On 15th Nov 2018

India expands paperless processing of export documents

To improve ease of conducting business and promote paperless...

Pak textile mills assured of ECC decision implementation

Textiles | On 15th Nov 2018

Pak textile mills assured of ECC decision implementation

The Pakistani prime minister’s advisor for commerce, textile,...

Interviews View All

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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


November 2018

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

news category


Related Categories:

Advanced Search