Orient Craft mulls expansion

Orient Craft, India’s leading garment manufacturing and exporting house, plans to invest

between Rs 125 to Rs 175 crores for expansion and getting into more ancillary businesses like printing and retailing over the next three years. The existing retailing activity includes stores for German brand s.Oliver that the company has tied up with. The finance will be raised through internal accruals and debts.

The company is also seeing a lot of interest from private equity players. Gurgaon- based Orient Craft has 23 state-of-the-art manufacturing facilities in Delhi, Gurgaon, Noida and Rajasthan and 51 international clients. It has a 1.5 lakh pieces per day garment manufacturing facility. The company has clocked a turnover of Rs 936 crores in FY ’10, which includes an export turnover of Rs 900 crores and a domestic turnover of Rs 36 crores. Also the company hopes to register a turnover of around Rs 1,400 crores by 2012, which includes an export turnover of Rs 1,200 crores and a domestic turnover of around Rs 200 crores after the completion of its expansion plans.