Ashok Piramal''s Mumbai-based Morarjee Textiles is planning to change its focus
to garments for the international market as part of its forward integration plans,
seeking a year-on-year growth of 50 per cent.
company is set to acquire a larger global footprint across Europe and Asia, having
set up a wholly owned subsidiary in Italy under the name ''Morarjee International''
to enhance access to European markets.
Mills currently makes premium voiles and high-fashion printed fabrics for the
Middle East, Far East and North African markets.
expansion plans include expanding its manufacturing capacity by four times from
the present levels. At present, its Bangalore unit is capable of producing 1.2
million pieces per annum.
premium shirting, including Integra Apparels & Textiles and Men''s Club brands,
has allowed the company to access the European markets, and will help extend the
group''s operations into garments and retail, thereby expanding the group''s footprint
from manufacturing to retail.
company plans to invest Rs150 crore over the next two years to set up manufacturing
units at Bangalore, and will invest Rs50 crore on adding 25,000 spindles, taking
the tally to 55,000 at its Nagpur plant. Capacities for producing an additional
2.4 million pieces will be in place by March 2008.
Textiles'' customer list comprises some of the leading brands like Banana Republic,
Robert Talbott, Ann Taylor, Zodiac and Louis Phillippe.