Daijiworld Media Network – Mangalore (NR)

Source: Business Line

Mangalore Jan 9: The city is soon going to get its very own huge apparel manufacturing unit. Apparel exports giant Gokaldas Exports has concrete plans on the anvil to set-up a manufacturing unit in the city, as well as in Hubli having a huge combined production capacity of four million garments a year.  

This initiative of the Bangalore-based company is part of its move to tap tier-II cities where the labour and rental costs are comparatively less, informed Rajendra J Hinduja, executive director (finance), Gokaldas Exports here.  

Elabourating on the same he said "Today, rentals in Bangalore are sky-high. It's Rs 15 per square feet (rent per month) for industrial sheds. Far too expensive. It should have been Rs 7-8 per square feet to sustain costs," he added.
 
This proposed Hubli and city unit would each have a production capacity of two million garments a year. The company's annual total production capacity is 24 million garments. Further Hinduja also informed that their manufacturing facility at Hyderabad would be commissioned in April.