KPR Mill to invest Rs. 175 crore for new garment manufacturing facility.

Coimbatore-based KPR Mill plans to invest Rs. 175 crore for setting up a greenfield facility with a capacity to produce 36 million garments per annum. The development comes on the backdrop of increase in interest from global customers in the knitwear hub of Tirupur.

According to the company, with the consumerism and disposable income on the rise, the Indian Textile & Apparel sector has experienced a swift growth in the past few years with several international players having entered Indian market.

BS