Komal Kalantry, Principal Advisor, Ank Business Consulting and Ashwin Kalantry, Director, Kalantry Textile Industries, the 70-year-old Kalantry Textile Industries is foraying into garment finishing by investing in a plant to have its own clothing line as well. However, it will continue to operate as a job worker.
Ashwin Kalantry, director of the company said, “Strong finishing setup will help us in our own clothing line. We are investing nearly Rs. 5 crore and it will take around six months for us to establish the entire unit. As of now, Kalantry Textile is into the acquisition of old textile mills and selling of old textile machinery spanning from spinning, weaving to processing.
The booming market and Gujarat’s tremendous success in the apparel segment propelled him to diversify into this category, Ashwin said.
At present, Kalantry Textile Industries is now earning nearly Rs. 25 crore-business per annum. The company is a part of Kalantry Group, which is also into other industries like infrastructure, consulting, etc.
– Apparel and Textile News, Apparel Talk, Indian Apparel
