BHE to invest Rs 15 crore for upgradation

Bhandari Hosiery Exports (BHE), an exporter and supplier of garments, today said it plans to invest Rs 15 crore in installing machineries for yarn dyeing and sewing threads units at its existing facility at Ludhiana.
"We are gradually strengthening our backward integration business, which will ultimately support our core business of textile manufacturing. We plan to invest Rs 15 crore in installing machineries for yarn dyeing and sewing threads units at our existing facility at Ludhiana. The capex will be funded through internal accruals and bank loans," BHE chairman and managing director Nitin Bhandari told reporters here.
Last year, we had invested Rs 22 crore in expanding our fabrics division, Bhandari said.

The company is engaged in the manufacturing of cotton-knitted garments for export. The company exports its products to Germany, Belgium, France, the Netherlands, Norway, US, UK, Canada, Hungary and Finland. The EEC countries also offer a huge market for knitted and ready-made cotton garments.
It hopes to achieve exports of Rs 40 crore on a turnover of Rs 170 crore in FY 16 as compared to exports of Rs 20 crore on a turnover of Rs 120 crore in FY 15, he said.