As a part of its Vision 2025, Kerala-based Kitex Garments, the third-largest infant garment brand in the world, plans to increase its turnover from the current Rs 650 crore to Rs 2,000 crore. As a first step towards achieving this goal, the company plans to invest around Rs 900 crore into the manufacturing and sale of new products in the infant apparel category, which includes products like socks for children, baby diapers and baby wet wipes.
The company also aims to expand its knitting and processing capacity to 100 tonnes each. It also aims to strengthen the vertical integration of its manufacturing value chain with the setting up of a cotton spinning mill for yarn production with a capacity of 100 tonnes per day. Plans are also afoot to set up a manufacturing facility for ancillary materials such as trims & packages, which include cartons, tapes, paper tags, labels, hangers, and woven tags, etc.
At present, the company can manufacture 432,000 infant wear articles every day and its total textile capacity is around 50 tonne.