You are here: Home » Companies » News
Business Standard

Anubha Industries to foray into denim fabric

BS Reporter  |  Mumbai/ Ahmedabad 

Buoyed by the state government's textile policy and growing demand, Surat-based player Anubha Industries is set to foray into denim manufacturing. The company is setting up about to 20 million metres per annum denim fabric capacity at its upcoming Surat plant.

"The group is looking at establishing itself in other verticals of textile. While we already have presence in synthetic textiles, we are setting up a greenfield plant for denim fabric manufacturing," said Aditya Goyal, director at Anubha Industries.

Refusing to divulge investment details, Goyal confirmed that the plant will manufacture denim fabric at an annual capacity of 20 million metres per annum. However, according to industry sources, the Surat-based textile group could invest anywhere between Rs 50 and Rs 60 crore for the denim plant. "The plant will commission by next year April. We are yet to decide what portion of the produce will be exported since there is still sometime before production commences," said Goyal.

According to Goyal, company is also considering manufacture of mid-end or high-end denim fabric from the greenfield plant.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 01 2013. 00:06 IST