Jct In Talks With Us Firms For Apparels

The venture, which is a forward integration plant, would source the basic raw material, rough-use fabrics, from JCT's Phagwara plant. Company sources pointed out that the investment outlay and other logistics are currently being worked out.

JCT is likely to retain a majority stake in the proposed joint venture.

JCT Ltd has invested over Rs 200 crore for the expansion and upgradation of its spinning and weaving unit to include a dyeing and bleaching plant at the existing location. The technology for the new plant has been bought from Swiss major Benninger.

A senior executive of JCT said: With the installation of the dyeing unit, we are now able to produce finished fabrics instead of grey fabrics.

 

Besides being a major value addition, this addition will allow JCT to export finished fabrics to foreign apparel manufacturers directly.

According to the executive, the collaboration with a foreign company would initially be a buyer-seller arrangement, with the collaborator buying the fabrics from JCT for its own production.

Cintas and Angelica, with whom negotiations are currently going on, are major producers of uniforms in the United States. These companies source their raw materials mainly from China and Latin America.

JCT produces fabrics which are best suited for rough-use garments like uniforms. The range may also be extended to trousers and other garments once a local joint venture is started in the country, says the company executive.

The Indian textile major was earlier negotiating with Hong Kong based Giordano for a collaboration in ready-made apparels, mainly knitwears.

However, the talks have fallen through because JCT is not keen to enter into knitwears. The existing plant of the company produces only woven fabrics.