Economic Times published a news regarding Fabric Plus’s new manufacturing unit launch and achievements. Following is the news :
” Entrepreneurs from Northeast India have started making their presence felt in the international markets. Silk products from the region have started getting attention on the world stage.
Assam based Fabric Plus Ltd which also has units in West Bengal is exporting designer fabrics for fashion
and home fashion, including made-ups like stoles, ties, curtain panels cushions, corporate gifts to European and US market. The company is using natural silks and silk-mixed with natural fibers like linen, wool, cotton for making these products.
The company already has three units and is setting up the fourth one in Chhaygaon near Guwahati. The unit will be inaugurated by union minister of textiles, Dayanadhi Maran on August 19.
The company is investing around Rs 5.50 Crore in setting up a fully integrated project to manufacture spun silk yarns, dyed yarns, weaving (Both Handloom and Shuttle less) and fabric processing at Chhaygaon Industrial Growth Centre. The company is promoting golden Muga, Eri and Pat silk.
Dilip Barooah, managing director of the company told ET, We are producing around 50,000 liner meters of fabric annually. Once the fourth unit is commissioned, our annual production will be 1, 20,000 liner meter fabric. In addition we will have 90,000 metric tones of yarn, 60,000 of which will be eri and muga and rest will be blend like silk and bamboo and others,
Mr Barooah added, The turnover of the company is around Rs 4 Crore annually and the unit gets commissioned it will increase to 14 Crores. Around 70 percent of the products are exported to European market and 30 percent to USA. There is huge demand; we are not able to meet the demand.
He further said in setting up the fourth unit company is getting financial support from Silk board, government of Assam and North Eastern Development Finance Corporation Limited (NEDFi).”
Source: Economic Times