Bengaluru-based bottomwear company, GoldenSeams Industries aims to increase its capacity by placing more orders, and capture the US market. The company has launched a new Rs 50 crore LEED-certified facility that will have 1,000 stitching machines in two phases. This future-ready factory will begin operating by the middle of next year. The company’s USP has always been fetching orders of 5,000 to 15,000 pieces. To tap the US market, it aims to continue operating in existing bracket and go to mid-size fashion customers and supply fashionable trousers at a good price.

The company is exploring new markets, strengthening relationships with existing buyers, enhancing its capacity with a new factory, and even adding new product segments. Sanjeev Mukhija, Managing Director, GoldenSeams Industries says, the company expects to grow 15-30 per cent in the next financial year. The new factory will further drive its growth to 40-50 per cent in the next year, he adds. Sanjeev Mukhija, Managing Director, GoldenSeams Industries says, the new factory would boost the company’s growth to 40-50 per cent in the next year.

However, buyers are placing orders in smaller volumes to reduce the risk of buying at high price at one go. They are placing orders of whatever is required for immediate selling. The market is expected to settle down by the end of this year and prices will stabilize, feels Makhija.