GTN Industries to invest over Rs 20 crore in branded apparel market

GTN Industries, an integrated yarns, fabrics and apparels group, is planning to pump in over Rs 20 crore in its mercerised cotton garment facilities this fiscal to expand base. The company, which has overall investment of Rs 350 crore in the mercerised cotton garment facilities, is expecting its overall group turnover to touch Rs 700 crore in FY 12 as against Rs 675 crore last year.

Launching new brand 'Cotstyle Apparels Limited', GTN announced that it has integrated its previous brand 'Cotstyle' into the new one in a bid to strengthen its presence in the branded apparels market. The new strategy is in line with our ambitious growth plan for Cotstyle mercerised line of polo shirts and socks. GTN Industries, which mainly deals in textile-manmade fibres, has 90,000 spindles spread across Hyderabad and Nagpur.