The Hindu : Business : Gangotri identifies production partners

Online edition of India's National Newspaper
Wednesday, Oct 04, 2006
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Gangotri identifies production partners

Staff Reporter

Embarks on a Rs. 350-crore expansion programme

Tibre range of trousers

COIMBATORE: The Coimbatore-based Gangotri Textiles has identified a couple of production partners to make garments.

According to its Managing Director, Manoj Kumar Tibrewal, the company has embarked on a Rs. 351 crore expansion plan. This includes addition of 50,000 spindles, a weaving and a processing unit with a capacity to produce 50,000 metres a day, a garment unit and wind mills. The weaving and processing plant will be ready by the end of this year. The garment unit will be ready for operations by March 2007 and the spinning mill by October next.

The company targets about Rs. 500 crore turnover in 2008-09, when the expansion programme will be completed.

The weaving and processing plant, coming up in Perundurai, will produce fabric to make about 40,000 pieces of garments a day. The company's in-house garment production capacity is 5,000 pieces a day. And, it plans to involve production partners who will make another 15,000 garments. It has already identified two or three partners and trial production is on, he says. The company will supply fabric and design to these companies and they will make the garments. It proposes to identify more production partners and increase garment production in phases.

Gangotri plans to have totally 40 Tibre showrooms in a couple of years. The first one will be opened here by the end of this financial year. Tibre brand garments are sold in about 750 multi-brand outlets now. The company also proposes to increase its garment exports to European and U.S. markets soon.

It launched Tibre shirts in Hyderabad in August and it will be launched in Tamil Nadu in November.

The sale of Tibre trousers registered a 28 per cent increase during the first six months of this fiscal compared to the same period last year, he adds.

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