With an eye to the export market during the post-quota regime, Mumbai based Duratex Silk Mill is planning to expand its capacity by 2.5 million metre within four months, N K Agarwal, director of the company, said in Kolkata yesterday. | |
| The company has existing manufacturing capacity of 17.5 lakh metre. While 7.5 lakh metre is marked for the domestic market while 10 lakh metre is exported. |
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| "We are exporting to 20 countries in Europe, Middle East and the US," he said. |
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| The company, which manufacture blended fabrics, is hoping to double export by 2005-6 after the quota regime goes away in January 2005. Back home, Agarwal said the sale could grow one and half times if VAT was introduced. |
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| The company recorded turnover of Rs 80 crore last fiscal. This is expected to touch Rs 100 crore this year and to Rs 125 crore next fiscal. |
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| "We attempt to create new blends with silk, viscose, polyester, cotton," Agarwal added. |
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