Indo Count Industries, a single of India’s largest residence textile producer, has announced that the undertaking management committee of the board of administrators of the firm has accepted enlargement of its bed linen capability by twenty for each cent from its present yearly capability of 90 million meters to 108 million meters by debottlenecking and balancing its amenities.

 

Additional, the undertaking management committee proposes to make a brownfield financial investment for introducing commensurate reduce and sew amenities and for improving the capability for top rated of the bed (TOB) solutions. This will entail a capex of ₹150 crore. 

 

The present spinning unit of the firm will also be modernised with compact spinning technological innovation. According to company’s release, this will entail a capex of ₹50 crore. Post modernisation, this capability will also be made use of for captive consumption in the residence textiles unit. 

 

These investments are envisioned to improve the income by ₹600 crore in excess of the upcoming 2 several years, write-up commissioning. The full capex will be ₹200 crore and will be funded by a blend of inner accruals and personal debt and is envisioned to be operational in H2 of FY 2022. 

 

“These investments will lay foundation for the upcoming phase of development for the Enterprise. The financial investment in modernisation and technological upgradation will more enrich our solution featuring capabilities to our clients and grow the marketplace share of the Enterprise in bedding solutions classification,” Anil Kumar Jain, executive chairman of Indo Count Industries, claimed in the release.

Fibre2Fashion News Desk (JL)

Indo Count Industries, a single of India’s largest residence textile producer, has announced that the undertaking management committee of the board of administrators of the firm has accepted enlargement of its bed linen capability by twenty for each cent from its present yearly capability of 90 million metres to 108 million metres by debottlenecking and balancing its amenities.