Mafatlal Industries has already invested Rs 100 crore in modernisation of the two plants in Gujarat. It has chalked out plans for an additional Rs 200-crore investment in them in the next three years, MIL Chairman Hrishikesh A Mafatlal said in a release here.
The move will improve quality, increase volumes and lead to a 20 per cent growth in the current annual turnover of Rs 1,000 crore, he said.
MIL, which has a wide range of products, is a leading player in fiber dyed school uniforms. The textile firm recently launched its new premium linen range and bed and bath collection, the release added.
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