Pearl Global Industries updates on capacity expansion

In South India

Pearl Global Industries announced that the Company is undergoing capacity expansion in South India for a total investment of around Rs 17-20 crore, funded through internal accruals and a TUFS (Technology Upgradation Fund Scheme) loan.

Before this expansion, PGIL's existing production capacity stood at 5 million pieces a month with 8,500 machines spread across India, Bangladesh and Indonesia. It plans to install 450 new machines in Bangalore, adding 150,000 garment pieces per month. Of these, 250 machines will become operational in February 2015, while remaining 200 will be made operational by May 2015. At Chennai, PGIL is installing additional capacity of 800 new machines, which will get commissioned by December 2015. The Company has taken a 60,000 sq. ft. facility in Peenya, Bangalore, on long term lease, while in Chennai it has acquired a contiguous land parcel measuring 4.72 acres, on which it has built a facility to manufacture an additional 200,000 pieces a month.

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