To enhance its fabrics and garments manufacturing capacity, Siyaram's plans to invest Rs 160 crore. "The demand for branded products is always growing. To meet this demand, we have decided to expand our fabrics and garments manufacturing capacity. For this, we plan to spend Rs 160 crore this fiscal," Ramesh Poddar, Vice-Chairman and Managing Director, Siyaram's said.
The fabrics capacity is said to increase by about 10 lakh metres a month. The expansion work which is expected to start by August-September, will be funded through internal accruals and loans. The production of garments is also said to go up from 2.5 lakh pieces every month to 3.2 lakh pieces.