Pearl Fashions to invest Rs 100cr

 "We plan to double in-house production capacity from the existing 20 million pieces at our manufacturing plants in India, Bangladesh and Indonesia. The investment will be in excess of Rs 100 crore spread over three years," Rishi Vig, Chief Finance Officer, said.

 The company reported a consolidated turnover of more than Rs 800 crore in the last fiscal.

 House of Pearl Fashion US, the recently set-up wholly-owned subsidiary, is expected to clock revenue of Rs 100 crore in the next couple of years, Vig said.