| The funding represents the promoter's (Cuthberts, Birmingham-based Satbinder Singh Lail) contribution to the proposed Rs 115 crore capacity expansion and process addition in two phases. The first phase is estimated to cost Rs 65 crore. |
| Krishna, executive director, Cuthberts Babywear India said, "Once the first phase of expansion goes onstream our turnover, from fabric and garment, will more than double to Rs 165 crore." The company targets to close the year at Rs 75 crore. |
| The first phase of expansion is already on and production will commence in stages. The expansion close on the heels of the dismantling of quotas, is primarily to cater to the increasing requirements of Cuthberts' international buyers. Cuthberts India directly supplies to the likes of H&M and Auto, while the UK based sourcing base Cuthberts customers include ASDA. |
| Krishna said in the first phase knitting, printing, finishing and yarn dyeing processes will be expanded, while in the next phase the company will set up continuos dyeing and bleaching plants. |
| Post the envisaged expansion, the company's knitting capacity will go from 1.6 tonnes per day now to 8 tonnes, printing capacity will rise to 22 tonnes a day, finishing to 14 tonnes a day, full length finishing to 30 tonnes, and yarn dyeing double to 15 tonnes a week. |
| Also, along with the expansion, Cuthberts is relocating its Tirupur knitting capacity to the integrated complex coming up in Bangalore. |
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