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ReturnIndia:Eastern Silk plans Rs 180 mn investment in made-ups unit
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admin
PublishDate：
2006-10-16 14:48:00
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MUMBAI: The leading exporter of silk fabrics, Eastern Silk Industries (ESIL) is setting up Rs 180 million investments in made-ups unit with a capacity of 1,500 units per day, industry sources said here on October 13.
The proposed unit is expected to be operational by May 2007.
Eastern Silk is also investing in cutting-edge technologies for enhancing and enriching product profile to velvets and other value-added fabrics; whereas company has earmarked a capital expenditure of Rs 780 million including made-ups investment over the next 2 years.
Further, ESIL is planning to reach major global markets and enter into the knitted silk innerwear segment in response to a huge demand from western countries.
The company expects to increase its average realisation from US $10 per meter to US $18 per meter by 2008 through change in product mix and entering new markets.
ESIL reports net sales at Rs 1166.3 million against Rs 929.2 million in the corresponding quarter for 2Q FY07.
Source:Industry Website
The proposed unit is expected to be operational by May 2007.
Eastern Silk is also investing in cutting-edge technologies for enhancing and enriching product profile to velvets and other value-added fabrics; whereas company has earmarked a capital expenditure of Rs 780 million including made-ups investment over the next 2 years.
Further, ESIL is planning to reach major global markets and enter into the knitted silk innerwear segment in response to a huge demand from western countries.
The company expects to increase its average realisation from US $10 per meter to US $18 per meter by 2008 through change in product mix and entering new markets.
ESIL reports net sales at Rs 1166.3 million against Rs 929.2 million in the corresponding quarter for 2Q FY07.
Source:Industry Website
