Ludhiana-based Bhandari Hosiery Exports (BHE) would soon develop new fabric manufacturing units at its existing location as a part of its strategy of increasing textile production business. A leading garment exporter with expertise in T-shirts, BHE also aims to tap markets like Europe and the United States that contribute around 70 per cent of the company’s annual sales. The company would invest around Rs 12-15 crores this year after Rs 22 crores spent to create similar production capacity during the last financial year.

Once the new facility is developed and in place, which is expected to be completed this fiscal year, BHE expects the fabric manufacturing capacity to increase to 10 tons per day from the existing four tons per day. Its garments manufacturing capacity stands at around 10,000 pieces per day. The company owns 12 acres of land in Ludhiana at its existing location of which five acres have been dedicated for poplar plants.

At present, selling its range through Big Bazaar and Reliance Trends within India, the company aims to establish its presence through domestic business-to-business (B2B) sales. Domestic markets contribute nearly 30 per cent of its annual sales. BHE posted total income of Rs 124.96 crores for the financial year 2014-15 as against Rs 111.46 crores reported in the previous year. Net profit of the company, however, decline to Rs 0.64 crore for 2014-15 from Rs 1.97 crore in the previous year.

www.bhandariexport.com