Kochi-based Kitex Garments, currently the third largest infant apparel manufacturer in the world, will raise production capacity over 3.5 times to produce 22 lakh pieces per day by 2025 from the current six lakh pieces of finished garments per day for 'just-borns' and babies up to two years.
The company will add capacity across the value chain by increasing knitting and processing capacity to 80 tons each and is expanding the sewing production capacity. It will also diversify into new product lines like socks for children, baby diapers and baby wet wipes, besides setting up a cotton spinning mill with a capacity of 80 tonnes per day as part of vertical integration. The ongoing expansion with an estimated Rs 910 crore will help the company reach revenues of Rs 2,165 crore by 2024-25 with an average growth of over 20 per cent every year from the Rs 559 crore revenues in 2017-18. While land identification is complete, machinery and supplier identification and building and infrastructure planning is going on.