In a bid to increase capacity of its cotton yarn manufacturing, weaving and garment factories, textile company Alok Industries Ltd proposes to invest Rs11 billion, conveyed Dilip Jiwrajka, Managing Director.
Company plans to generate Rs9 billion through debt from government's Technology Upgradation Fund Scheme for textiles (TUFS) and Rs2 billion through internal accruals, he informed.
This decision would enhance company's cotton yarn capacity four times to about 20,250 tons and garment production two times to 15 million pieces a year.
Management envisages home textile output to reach 82.5 million metres a year from the present 60 million metres, he said.
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