Focusing on apparel manufacturing, Sri Mahasakthi Mills will invest Rs. 25 crore
Sri Mahasakthi Mills, Coimbatore, one of the leading companies which is into spinning as well as into many diversified industries, is now focusing more on apparel manufacturing and is planning to invest Rs. 25 crore. Interestingly, the company is most likely to initiate a garment manufacturing unit in Ethiopia. As of now, it has a production capacity of 80,000 pieces per month in India.
T Rajkumar, Chairman, Sri Mahasakthi Mills Limited, Kerala and ED, Sakthi Group, Textile Division told Apparel Online, “By expanding into apparels, we will be adding more value to our existing textile value chain. We are planning for investment in Africa. We have explored Ethiopia and I am again going there. Probably we might have a unit there in 2019.”
Rajkumar, who is also closely associated with leading textile associations like Confederation of Indian Textile Industry (CITI) and The Southern India Mills’ Association (SIMA), further added that some of the Indian companies already have their plants in Ethiopia and he has received positive feedback from them.
In garments, the company is working for export as well as for Indian domestic market. Some of its prestigious clients are Arvind Ltd., Lifestyle etc. It is also talking to international buyers for tie up. In its new unit in Ethiopia, the company is planning to produce 100 per cent knitted garments like Tees and Briefs.
T Rajkumar, Chairman, Sri Mahasakthi Mills Limited, Kerala and ED, Sakthi Group, Textile Division