Alok Ind Ltd plans more retail stores

Textile manufacturer Alok Industries Ltd is gauging to double its revenue to $ 3 billion in next three years due to strong demand in domestic as well as export markets.

The company sees its exports growing to Rs. 25 billion in 2010-11 (Apr-Mar) from Rs. 15 billion in 2009-10. The company is doubling its annual polyester yarn capacity to 400,000 tonne by December. It is also increasing cotton spindles to 350,000 units from 300,000 units by October.

Alok Industries is also expanding its retail footprint in India and UK. The company also plans to add 80 retail stores under the brand Store 21 in the UK. It currently has around 218 Store 21 outlets in the UK. It also  plans to have 400 H&A stores in India by March. Currently,  the brand operates on 248 H&A stores.