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ICIL eyeing 15-20 per cent revenue growth from exports in FY17

Mumbai based Indo Count Industries (ICIL), known for spinning yarns, weaving fabrics and manufacturing textiles, is eyeing 15-20 per cent growth in business through exports. The company also offers cotton yarn and cotton knitted fabric on back of capacity expansion and strengthening business in the domestic market. ICIL, which nets 90 per cent of its revenue from exports, is also looking at expanding its export markets and strengthening its presence in other markets including Australia, Japan, South Africa and the Middle East.

The company, has three manufacturing units in Kolhapur and is spending around Rs 475 crores in two phases on capacity expansion. The investment will be funded by internal accruals and debt. Being a leading global player and a trusted supplier to the world’s top home linen brands, ICIL is known for its innovation, technology and for maintaining high quality standards across all its product ranges.

Having been in the business for over two decades, the company is looking at launching a range of premium bed linen for the Indian market. It is looking at changing the dynamics of current market and transforming the way consumers see and experience bed linen.
ICIL’s main goal is to bring premium quality products to Indian consumers through Indo Count Retail Ventures (ICRVL) and the launch of the domestic home textile brand Boutique Living. The company exports to approximately 50 countries in. It has showrooms and distribution centers in the United States, the United Kingdom and Australia. It also sells products online and through e-tailers.

 
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