By making an investment of $9 million, Ludhiana -based KG Exports is coming up with a new factory at an investment of $9 million. K G Exports tees to France. The new unit will be built across 4 acres of land and production is likely to start next year. Currently, the company has the capacity to manufacture 3,000 pieces daily. And with the new unit in place, the target is being raised to 10,000 pieces per day. It will also explore new markets and will work with new buyers.
Harish Dua, MD of KG Exports says the new unit will be a green facility. Since the last three years, the company has been upgrading its unit by investing Rs 5 crore in machinery for knitting, stitching and value addition, he added.
Dua, who is also the president of formed Knitwear and Apparel Exporters Organization, says he is expecting 200 members to join the association in next one year. He further points out that Ludhiana is trying to change its image as buyers are not aware about the strength of this knitwear hub and are focusing more on Tirupur.
