Nov 17, 2022
Page Industries to invest Rs 290 crore to set up two facilities in Telangana
Nov 17, 2022
Page Industries Ltd, the licensee for innerwear brand Jockey in India has earmarked an investment of Rs 290 crore ($35.6 million) to set up two manufacturing facilities in Telangana.
The two proposed locations of Page Industries are at Whitegold Spintex Park Facility in Ibrahimpatnam and at Mulugu in Siddipet district.
The proposed facilities will provide a total employment to 7,000 local youngsters and manufacture garments, including sportswear and athleisure wear.
Commenting on the investment, K T.Rama Rao, Industries and IT Minister for Telangana in a statement said, “Delighted to share that popular innerwear brand Jockey (Page Industries) will be setting up garment manufacturing factories in Ibrahimpatnam and Mulugu, producing 1 crore garments and creating 7,000 jobs in the State.”
Page Industries Limited had reported a net profit to Rs 162 crore on a revenue of Rs 1,255 crore for the recently concluded July-September quarter.
The company has been investing heavily in capacity building, manpower, business process re‐engineering, digital outreach, and advertising to fuel its growth.
Page Industries is the exclusive licensee of Jockey International Inc (USA) and Speedo International for manufacturing, distribution and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE.
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