Sangam India is expanding its manufacturing facility in Rajasthan. The Rs 137 crore expansion project is funded partly by term loans of Rs 102 crores and the balance Rs 35.25 crores by internal accruals. The move is aimed at increasing the capacity of Sangam’s cotton yarn business by 47 per cent and knitted fabric business by 28 per cent. The expansion is expected to increase the company's revenue by 15 per cent from 2022-23. The expansion program will result in the installation of 32,832 spindles and six knitting machines for the manufacturing of cotton yarn and knitted fabric. The plan is to achieve an increase of 15 per cent in the overall business.
The PV dyed yarn and seamless apparel producer is aiming at strategically leveraging the D2C (director) market and the digitised textile space to further elevate its reach and supply in India and overseas. Sangam India is the largest producer of PV dyed yarn in Asia at a single location. It is also a forerunner in manufacturing ready to stitch fabric with an annual capacity of 30 million meters of fabric and 40 million meters of denim. Sangam has more than 2,00,000 spindles and 3000 rotors. The group has diversified into infrastructure, power, steel and recently the seamless garment industry.