In­dia: Shahi Ex­ports to in­vest Rs. 700 crore in Ban­ga­lore unit, cre­ate jobs for 2,400

Stitch World - - NEWS TRACK -

Shahi Ex­ports, In­dia’s lead­ing ap­parel ex­porter, has an­nounced an in­vest­ment plan of more than Rs. 700 crore to es­tab­lish a gar­ment man­u­fac­tur­ing unit in Bel­lan­dur near Ban­ga­lore (Kar­nataka).

The pro­posed unit will cover weav­ing, pro­cess­ing, and print­ing op­er­a­tions. Once op­er­a­tional, the fa­cil­ity is ex­pected to gen­er­ate jobs for more than 2,400 in the re­gion.

The gar­ment fa­cil­ity will be spread over 33.17 acres of land in Nidige KIADB In­dus­trial area, Shiva­mogga. It has al­ready re­ceived clear­ance from the State High Level Clear­ance Com­mit­tee (SHLCC) of Kar­nataka.

Team StitchWorld ap­proached the com­pany to fetch more de­tails on the project but the top man­age­ment was un­avail­able for com­ments.

The ap­parel ex­porter has been in busi­ness for 43 years now. It works for well-known brands and re­tail­ers of the world, like H&M, GAP, Tar­get, Tommy Hil­figer, etc.

Cur­rently, the com­pany op­er­ates 52 fac­to­ries across seven states of In­dia, em­ploy­ing more than 1,00,000 work­ers. It pro­duces wom­enswear, menswear, kidswear, and is into knits & wo­ven gar­ments as well be­sides back­ward in­te­gra­tion of the fab­ric.

Shahi Ex­ports’ an­nual ap­parel ex­ports turnover stands at US $ 910 mil­lion. The com­pany has re­cently opened a new gar­ment fac­tory in Orissa as well. It has fur­ther an­nounced to in­vest in Jhark­hand too in the near fu­ture.

Shahi Ex­port’s new gar­ment fa­cil­ity will be spread over 33.17 acres of land

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