Kedia Silk Mills to double its production capacity

Kedia Silk Mills Private Limited (formerly Vivek Textiles) is embarking on an expansion plan which would see the company invest close to Rs 2.5 crore in the next two years.

The 12-crore company, which is into manufacture of textiles using polyester-oriented yarn (POY) under the 'Kedia Prints' brand, is planning to double its production capacity to 1.4 lakh metres per day by 2007.

"At present, the per day consumption of fabric in the state is estimated to be 20 lakh metres. With the demand for textiles growing with each passing day, we have decided to ramp up our production capacity. We are planning to double our production capacity to 1.4 lakh metres per day from the present 70,000 metres per day in the next two years at an investment of Rs 2.5 crore," Ashok Kumar Kedia, director of Kedia Silk Mills, told Business Standard.

"The expansion plan would involve installation of machinery from Germany including jiggers, jet dyeing, stentering and screen printing machines. We plan to fund the expansion plan through internal accruals," he added.

Kedia Silk Mills, which clocked a turnover of Rs 12 crore last fiscal, expects to close the current financial year with a turnover of Rs 15 crore.