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KPR Mill, the Tirupur knitwear company on growth mode

Export performance of the Tirupur knitwear industry shows that it has grown considerably in recent times. It grew by 15.5 per cent in the fiscal year 2014-15 touching Rs 21,000 crores as against 18,000 crores in 2013-14. And this trend is expected to continue as India is the chosen country due to its abundance of raw materials and skilled workforce. Motivated by this growth curve, three decades old garment trade company, K P R Mill has added a brown field capacity of 10 million garments and a green field capacity of 12 million garments. This totals to 59 million garments per annum. With this increase, the garment revenue rose by 34 per cent during the year.

Since the industry is set to grow further with the rise in Asia as a strong trade block for textiles and apparel exports, KPR plans to tap this potential and add a large greenfield manufacturing facility of 36 million garments per annum at an estimated cost of Rs 175 crores. Once this is commissioned the total capacity would rise to 95 million garments per year, one of the largest in the country. The project is expected to be completed during this financial year.

The company Board agreed to approve the proposal in event of the surge in orders from existing buyers and the encouraging response from the US market.

 
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