Sangam (India) to invest Rs 120 crore to foray into garment segment

04 Aug 2014 Evaluate

Sangam (India), one of the largest textile companies with presence in PV (Polyester/ Viscose) dyed Yarn and fabrics segment and a fully integrated company from yarn to branded Fabrics, has  received board’s approval for its Rs 120 crore expansion plan to foray into garment segment.

The company plans to set up 10,000 spindles for slub yarn and mercerize unit along with improvement and modernization in processing division the company target to manufacture 10,000 pieces of seamless garment per day from next financial year.

The seamless knitted garments are used worldwide in Wellness wear, Yoga wear, Sportswear, Intimate wear, Body shapes and other wears. This Rs 120 crore expansion plan will be funded through a term loan of Rs 89.50 crore and balance through internal accrual. This expansion plan is slated to complete by March 31, 2015.

Seamless Garment technology is advancement in apparel industry which eliminates to large extent the fabric laying, cutting and sewing process. By eliminating the cutting and sewing process, complete garment knitting provides a variety of advantages in knitting production such as saving in cost and time, higher productivity quick production, homogeneity and other advantage. The company plans to install 36 circular knitting machines to be imported from Santoni, Italy, the world leaders in seamless knitting technology.

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