Sangam to invest Rs. 120 cr in seamless garments.

Textile company Sangam India plans to venture into the seamless garment segment with an investment of Rs. 120 crore. The company is to set up 10,000 spindles for slub yarn (which has soft lumps scattered along the yarn) and a mercerise unit, besides modernising the processing division.

The project, which is expected to be completed by March 2015, would be funded through a term loan of Rs. 89.50 crore and internal accrual.

Seamless garment technology eliminates the process of fabric laying, cutting and sewing. By eliminating the cutting and sewing process, it provides an opportunity to save cost and time.

Sangam would install 36 circular knitting machines imported from Santoni, Italy, the world leader in seamless knitting technology, and targets to manufacture 10,000 pieces of seamless garment a day from the next financial year. Seamless knitted garments are used worldwide in the wellness industry, for yoga and sportswear.


HBL