India’s Kitex Garments Ltd is planning to raise its production capacity from the current six lakh pieces of garments per day for ‘just-borns’ and babies up to 24 months to 22 lakh pieces per day by 2025
Kitex Garments will invest ₹200 crore each in 2 of its new wholly owned subsidiary companies. These two facilities will help to increase the manufacturing capacities of the company to meet rising future demand.
Kerala-based Kitex Garments Ltd will set up its fourth fully export-oriented infant wear production unit either in Andhra Pradesh or Karnataka, according to its chairman and managing director Sabu M Jacob.
Kitex Garments, an India based company manufacturing kidswear, reported a rise of 13.78 per cent to Rs 112.09 crore in its net profit in the fiscal 2015-16, ending on 31 March, 2016 as compared to Rs 98.