Infiiloom, India’s largest socks manufacturer has been growing rapidly in the last few years and plans to continue on the growth trajectory with its future expansion plans.
According to Rohit Pal, Global CEO, Infiiloom, “We have been growing rapidly in the last few years. Along with the US retail and wholesale socks market, we have made inroads into several other markets like the European Union, Japan, and the GCC region. We shall be close to a Rs 500 crore company by the end of FY 2022.”
Last year, the company set up its third manufacturing facility in Nellore with 720 knitting machines. Investment in the Nellore facility is complete now, and it is running in full swing.
“Our plans for the future are aggressive as it stands today. We are preparing for another capacity enhancement in Silvassa with around 1,200 knitting machines and a fully integrated finishing facility. The capital outlay for the Silvassa facility will be around Rs 200 crore, and it will be a wholly-owned subsidiary of Infiiloom India. This investment will help us ramp up annual production to over 250 million pairs of socks.”
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