Growing and profitable Indian lingerie market is attracting more and more apparel players and joining the league is TT Ltd., Delhi, one of the India’s well-known garment brands. It is further expanding its product range by focusing more on bra and lingerie segment. The company, having its own vertical integration manufacturing unit, is looking for collaboration partner who can invest Rs. 3 to 5 crore in this project.
Currently the company is selling mainly casual wear, undergarments and home textile products in India and other countries across the globe.
The partner, will be responsible for manufacturing as well as marketing (franchise) the project. Though he will have ownership, management right and control but will have to work according to TT Ltd. policies.
“This is a growing and profitable segment. There are too many products in our portfolio and with increasing sales it is very difficult to make everything in house hence looking for specialised units as collaboration partner.” – Sanjay Jain, MD, TT Ltd, informed Apparel Resources.
He further added that currently the company is not exporting these products but plans to do the same in future after one year, as currently it focuses on the domestic market.
The company last year had a total turnover of Rs. 518 crore and out of that, Rs. 260 crore was from export. It has shifted its focus from spinning to garmenting in recent years.
