Always moving ahead and staying on the top of crisis, Orient Craft has committed to spend Rs. 175 crore over the next three years for capacity building and other auxiliary trades such as printing and retailing. The company plans to fund the investments through internal accruals and debts. Also, it foresees higher interest from individual equity investors for the closely held company.
With 23 manufacturing facilities in Delhi, Gurgaon, Noida and Rajasthan, OC already holds capacity to produce 150,000 apparel pieces per day. During the FY 2009-10, Orient recorded a turnover of Rs. 936 crore including the domestic turnover of Rs. 36 crore. “Post completion of expansion plans, we are positive on striking a turnover of Rs. 1,400 crore by 2012. This anticipated figure is a total of the exports turnover of Rs. 1,200 crore and domestic turnover of Rs. 225 crore,” informs Sudhir Dhingra, CMD, Orient Craft.
Also Read: Orient Craft Sets Up New Manufacturing Hubs; Plans Institutes and Fashion Villages
