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Readymade garment units in Solapur eye Rs 1,000 cr. business in two years

Solapur-based garment units manufacturing readymade school and corporate uniforms have drawn up plans to achieve Rs. 1,000 crore in revenues in the next two years, according to a top official. Joint Secretary, Sri Solapur Readymade Kapad Utpadak Sangh, Amit Kumar C. Jain said that the units in Solapur can easily do a business of Rs. 1,000 crore in two years. He said that the Sangh had recently conducted a uniform and garments fair which would fetch an additional business of Rs 200-250 crore. They have also received enquiries from international buyers based in Sudan, Iran, Iraq, Czech Republic and Kenya for readymade school uniforms. So much so, representatives from Sudan have also eveinced interest in putting up a manufacturing unit in Solapur, he claimed.

There are more than 1,000 garment units in Solapur employing more than 60,000 people. The units do an annual business between Rs 600-650 crore and boast a market share of 7 to 8 per cent, he said. The Indian readymade uniform market size is pegged at Rs. 18,000 crore, of which the organised sector accounts for nearly Rs 12,000 crore. Uniform-making units are scattered across seven to eight major cities such as Tirupur, Kolkata, New Delhi, Mumbai, Indore and Ludhiana.

 
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