TT Limited, one of the leading apparel manufacturers in India, has allocated Rs. 100 crore for rapid manufacturing expansion across the nation. The company has chosen four states in this bold expansion move – West Bengal, Gujarat, Tamil Nadu and Uttar Pradesh. It has recently inked a memorandum of understanding (MOU) with the Government of Uttar Pradesh, paving its way to establish a textile vertical unit, sprawling across 15 acres of prime land at PM MITRA Park, Lucknow. Within the next three years, the company is unwavering in its mission to double the annual turnover which was accounted at a valuation of Rs. 385 crore in the year 2022. With this robust expansion, TT is planning to propel itself to new heights in the textile industry.
Aligning with the expansion project, TT Textiles flagship factory in Hosiery Park, Kolkata is nearing its completion, poised to bring new textile production capabilities in the region. A manufacturing unit in Surat, Gujarat, dedicated to fabric production aligning with the upcoming Textile Ministry PLI-2 scheme, is also planned. Adding to the agenda, the company is also charting a course towards Tamil Nadu where a new garment factory is on the horizon.
In an exclusive word with Apparel Resources, Sanjay Jain, Managing Director, TT Limited revealed a three-year effort to revamp their business portfolio. They are now placing a strong emphasis on value-added knitted garments for the coming decade. After a three-year period, TT plans to double its monthly production from 3 million pieces to 6 million pieces within a year.
Speaking of the rationale behind selecting some specific states in the country, Jain quoted, “Garmenting needs clusters and today we feel Uttar Pradesh, Tamil Nadu and West Bengal are the most ideal clusters for knitted garments due to availability of manpower, vendors, other support systems and attractive incentives.”
TT Textile is strategically aiming for significant expansion within the export market, encompassing garments, fabrics, and reusable cotton. These initiatives mark a transformative journey for the company, propelling growth across the entire TT Brand product range.
