Gokaldas Exports begins manufacturing at its new Tumkur plant

Gokaldas Exports begins manufacturing at its new Tumkur plant

7th September 2021, Mumbai:

Gokaldas Exports, India's largest clothing exporter, has announced the start of commercial production at its new plant in Tumkur, Karnataka. Once completely scaled up and productivity is attained, this unit will add roughly 4.5 percent to the present capacity.

The firm has 19 facilities with a total of about 13,000 machines.

According to a report from ICICI Securities, the firm is now at peak utilization, with a strong order book for the next six months. To meet the high demand, it has set aside Rs. 120 crore in capital expenditures over the next two years, with the potential to produce Rs. 450 crore in additional income.

In accordance with these trends, the firm expects significant revenue growth in FY2021-22, according to the annual report. The firm has a robust order book and is expanding capacity in the short term to fulfill demand and clear production backlogs beginning in the first quarter of FY2021-22.

It's worth noting that the top Indian clothing exporter, located in Bengaluru, is also planning to invest in Madhya Pradesh (MP). In the Bhopal hamlet of Acharpura, the firm will invest in two phases. Around 4,000 people will be employed as a result of the project.

12 Places To Visit in Tumkur, An Amazing Location Just At A Distance Of 70  km from Bengaluru - MetroSaga

 

Watch YouTube: https://www.youtube.com/channel/UCnQ6v9wBHyOlRPSDgJMsJaA

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex