| Moreover, a new company called D D Towers Private Ltd has become part of the group and has plans to enter the hotel business. The company is coming up with a 140-room hotel, besides service apartments for aircraft crew at Airport Road, Amritsar. For this, it has submitted the plan to the Airports Authority of India to seek a no-objection certificate. |
| Managing Director Naresh Seth said, "There is huge demand of Indian finished home furnishing items in overseas markets. Although China is the main competitor, on the quality and designs, we are ahead of them. There is significant increase in the volume of exports, as earlier, India was positioned at No. 30 in exports of home furnishing item, but presently, it is on Sixth position, Seth claimed. He further stressed that there is immense scope for home textile exports from India, but only if we can manufacture the right products." |
| The Company was incepted in 2001 with its key objective to manufacture exclusive fabrics used in home textiles like lap-through, Table cover, Cushion Cover and Curtains. |
| Seth added that home textile made ups being one of the prime concerns of the company, which has achieved the company new markets and sales in both Europe and America. The Company has achieved a gross turnover of Rs. 17 crores in this fiscal. Seth said," Our vision is to explore new markets and focuses in creating a niche in the Market with its expertise." |
| Commenting about the bottlenecks in the trade, Seth said," We have to shell out 4 per cent tax extra towards reentry fee when the raw material enters in Punjab, besides 4 per cent tax as market fee in the respective states( like Goa) from where do we procure the raw material. This makes the input cost higher, he added. |
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