Kitex Garments to invest Rs 125 crore for expansion

20 May 2014 Evaluate

Kitex Garments is planning to invest Rs 125 crore this fiscal in order to enhance production capacity and to upgrade technology. The 100 per cent EoU has a production capacity of 5.5 lakh pieces per day at its unit in Kizhakkambalam in Ernakulam district. This will be increased to 1.1 million pieces by 2015-16. The company is also planning to introduce robotic technology to meet the labour shortage.

Kitex Garments is the third largest manufacturer of clothes for infants and caters to the biggest international buyers such as Gerber, Jockey, Carters, Kohls and The Childrens Place.

Kitex Garments Share Price

179.60 3.15 (1.79%)
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