Ludhiana-based apparel exporter KG Exports, which exports tees to France, is coming up with a new factory by making an investment of nine million US dollar. This new unit will be built on a land spread across four acres and the production is likely to start next year. Currently, the company has the capacity of manufacturing 3,000 pieces daily and the target is raising it to 10,000 pieces per day. It will also explore new markets and will work with new buyers too.
“We will try to make it a green facility as Ludhiana is lagging behind on this front. From last three years we have been upgrading our unit and invested Rs.5 crore in machinery for knitting, stitching and value addition,” Harish Dua, MD of the company said.
“It was our professional approach that the company we started in 2006 with the turnover of Rs.1 crore, is now doing business worth six million US dollar. We will increase our involvement in AEPC so that exports can also grow from here. We are also expecting few subsidies/incentives like freight subsidy from the new Government that will come into the power post state elections. So exports will definitely grow from Ludhiana, may be 10 times from the existing Rs.1,000 crore per year. We have asked the State Government for 4,000 acre of land to work in this direction and the Government has also given its approval on this,” he added.
Apparel & Textile News – Apparel Talk, Indian Apparel
