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Kitex to invest Rs 9.10 bn to back revenue target of Rs 21.65 bn by 2025

The investment will help the company to increase its revenue to Rs 21.65 billion by 2025 from the current Rs 5.59 billion

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Last Updated : Aug 29 2018 | 1:39 PM IST

BSE-listed Kitex, the infants garments major based in Kerala, has chalked out a roadmap for 2025 with an outlay of Rs 9.10 billion to be spent over the next 7 years.

The investment will help the company to increase its revenue to Rs 21.65 billion by 2025 from the current Rs 5.59 billion. The Strategic Roadmap for 2025 was prepared by consulting firm KPMG, Kitex management informed the investors.

The investment includes for sewing factories, packaging and accessories factory, sewing centres, software unit among others.

The board of the company has also asked KPMG to assist with the evaluation of the