Hyderabad, Nov 22 : GTN Industries, an integrated yarns, fabrics and apparels group, is planning to pump in over Rs 20 crore in its mercerised cotton garment facilities this fiscal to expand base.
The company, which has overall investment of Rs 350 crore in the mercerised cotton garment facilities, is expecting its overall group turnover to touch Rs 700 crore in FY 12 as against Rs 675 crore last year.
Launching new brand ‘Cotstyle Apparels Limited’ here, GTN said it integrated its previous brand ‘Cotstyle’ into the new one in a bid to strengthen its presence in the branded apparels market.
“The new strategy is in line with our ambitious growth plan for Cotstyle mercerised line of polo shirts and socks.
This shift will also bring marketing focus, consistency and simplicity as consumer acceptance and demand for our business along with casual collections in the niche single fibre product markets continue to propel,” M K Patodia, CMD, GTN Industries Group told media persons.
GTN Industries, which mainly deals in textile-man made fibres, has 90,000 spindles spread across Hyderabad and Nagpur.