INDIA: Koutons plans to invest Rs 75 cr in capacity expansion

NEW DELHI: The garment manufacturer, Koutons Retail India is planning to invest Rs 75 crore during the current fiscal to carry out capacity expansion, H S Sidhu, executive vice president of Koutons Retail India said here on July 23.

He further clarified that after expansion the production would increase to one crore garments from the existing 30 lakh garments

H S SIDHU also said that company expects its topline to cross Rs 1,000 crore in the next two years as it has experienced a Compound Annual Growth Rate (CAGR) of 130 percent for the last three years; for the current fiscal it has set a target of Rs 400 crore.

Currently Koutons is testing the market for women's apparel as they are planning to enter women's and kids-wear segment next year.

However in the immediate future, there are no plans to tap the capital market for raising fund since UTI Ventures recently invested Rs 27 crore.

Further to fund the proposed expansion plan, Koutons would raise the fund through a mix of debt, internal accrual and venture capital funding.

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Added: July 24, 2006 Source: Agencies
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