TT is setting up two garment manufacturing facilities. In fact, the two factories have partially started in Gajraula and Avinashi. It also has plans to open a manufacturing facilities in Kolkata in the upcoming Hosiery Park. The company is looking at 20 per cent of its revenues coming from the new factories. The new facilities are likely to produce both active and casual wear. TT has been restructuring its organization for the past one year and as part of its strategic planning is bringing down its spinning capacity.

TT has a strong presence in the innerwear segment in north and east India through its flagship TT brand. It also exports yarn and fabric to 65-odd countries. The company has shifted focus from spinning to branded garments especially inner wear and casual wear. Going forward TT’s garment business is expected to grow by 30 per cent to 40 per cent, which will improve its ebitda margins and reduce the overall risk exposure to the outside environmental and economic changes happening across the globe. The company is investing in technology to connect with the distribution channel and with its consumers - this is expected to bring in huge benefits in the days to come. Apart from the TT brand, the company’s new garment brand HiFlyer is slowing gaining market acceptance. An organised company like TT is seeing many positives as it gains a competitive advantage over the large unorganised segment.