In order to fulfill the vastly growing international demand for finished garments and apparels Eskay K'n'IT (India) Limited, the flagship company of Navin Kumar Tayal enterprise is all set to implement a huge expansion.
The plan involves Rs350 crores apart from the Rs70 crores for its spinning, knitting and processing capacities and manufacture of high-end fabrics.
It will expand its existing spindles capacity by bringing in an additional 75,600 spindles to its plants located at Silvassa in Union Territory of Dadra and Nagar Haveli, Bhilad in Gujarat and Navi Mumbai.
It will have additional capacity of 13,184 tpa in knitting and 13,608 tpa in processing of textile fabrics on expansion.
Initial production capacity of the garment facility will be 1,00,000 pieces per year in 2007.
This will be later increased to 2,00,000 pieces per annum.
The Rs357 net worth Eskay plans to introduce its own brand called League & Assets through multi-branded showrooms in the metro cities.
Company, with a turnover of Rs433 crores during last fiscal, also plans to export garments to major supply chains like Wal-Mart and Urgent Gear and to the US and European markets.
Central Government has visualized an ambitious export target of US $50 billion by the year 2010 against the present annual exports of over $17 billion.
Eskay has registered a net profit of Rs8.52 crores in June 30, 2006 against Rs2.64 crores of last year.
Company will become one of the key players in the textile market after expansion.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
