INDIA: OCM India to achieve Rs 160 cr turnover

AMRITSAR: The city based textile manufacturing company, OCM India Ltd. is looking to achieve turnover of Rs 160 crore by the end of this financial year, OCM India CEO Rajeev Surana.

He pointed out that the company sales stands at Rs 125 crore and further expects it to reach Rs 160 crore by the end of this year. The company, this year, entered into a strategic alliance with Burlington WorldWide (BWW) for manufacturing and sale of worsted wool fabrics under the Burlington brand in the domestic market.

Through strategic alliance, BWW is all set to provide technical and manufacturing support for exporting OCM products in overseas markets including USA, Europe and Asian countries. Moreover, it would also give OCM marketing support for selling in domestic market as well.

OCM, established 80 years ago, has wide range of products including fine pure wool suiting to polyester wool and various wool blended combinations. 

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Added: December 6, 2007 Source: Agencies.
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