India’s Global Mode and Accessories is in the process to start a new factory in the southern part of the country. As of now, the apparel exporter has units in Noida and its new unit will be in Hiriyur (in Apparel Park, 160 kilometres from Bangalore).
Promod Mehra, MD of the company told Apparel Resources, “Wages are less there compared to North, even labour is more skilled and disciplined as 70 per cent of the workers are women. These factors will help us to be more competitive. Hopefully by January 2017 production will commence there. The expansion is mainly for existing buyers which are largely from the European market. We are planning to start with 750 machines but there is space for 1,000 machines.”
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As of now, the company has 1,600 machines and workforce of about 4,000 in Noida. Promod further added that as the European buyers of the company are world over, it has not seen any impact of low sentiments particularly in Europe. Currently, the company is doing annual business of Rs. 170 crore (US $ 26.15 million) and expecting 20 per cent growth with this expansion. “Price is the biggest concern and now hopefully we will be little competitive with the help of ‘Special Package,” Promod mentioned.
On sustainability front, the focus of the company, which is also associated with STWI (Sweden Textile Water Initiative), is on water and energy saving. Besides, it aims to provide all the medical facilities to its workers which are not available normally, like ESI hospitals.
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