Fo­cus­ing on ap­parel man­u­fac­tur­ing, Sri Ma­hasak­thi Mills will in­vest Rs. 25 crore

Apparel Online - - INDUSTRY LIVE -

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

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