VIP Clothing has recently sold its Umbergaon factory and raised Rs 10.41 crore. The capital gained by selling this idle asset will now be utilized in business at different level from production, technology, innovation and marketing.
The said asset is idle and underutilized and selling this can help the company to gain substantial amount that can be then put to better use in business. The production will now happen at a central location from Thingalur factory which will be faster due to advance machineries and 4x production capacity with skilled labours.
VIP Clothing is leading Indian company engaged in manufacturing and marketing of innerwear.
