INDIA: Siyaram to setup Rs 20 cr high-tech garment unit in Daman
BharatTextile.com (subscription), India
SURAT: The known fabric manufacturer and exporter, Siyaram Silk Mills Ltd. is in process to setup Rs 20-crore high-tech garment unit for its new ready-to-wear (RTW) sub-brand called Siyaram’s MSD (Monday to Sunday Dressing) at Daman, Ramesh Poddar, managing director said here on December 15.
The planned garment unit is likely to commence manufacturing from January-2014 at Daman which will be equipped with modern machinery coupled and has a battery of designers as well as a state-of-the-art research and development centre for designing readymade garments and accessories for men.
The MD further clarified that MSD brand has ambitious plans to become the largest ready-to-wear men’s brand within the next five years and that an aggressive marketing plan has been put in place to achieve the same.
Siyaram is foraying into overseas retailing of its brand by April-2014, while the first destination would be the Middle East market and is also planning to set up five retail store of garments and fabrics and then spread in other countries too.
The luxury suiting major is also looking at the technical textiles market.
