Slowdown in the international market is increasingly demanding low prices, and to successfully handle such pressures it requires scales and automation. Exporters in India are now focusing more on upgradation and installing new machines to optimize the scales for reducing production costs. Seven-decade old Nagesh Knitwears, having expertise in knitted garments, is making concrete efforts in this direction and has replaced its hand flat knitted machines with 24 Stoll machines. The company has also invested in washer extractor and installed 170 linking machines. Now the company has a total of 250 linking machines and capacity to manufacture 10 lakh pieces per year.
Varun Mehra, the young CEO told Apparel Online, “We have invested more than Rs. 10 crore on the upgradation and expansion, as it was the need of the hour, because the buyers were pushing for cost cutting and becoming keener towards quality. Now we are able to cut our total cost almost by 10 per cent which will help us to compete in the market.” The company has also changed its offering to fine gauges like 16-18 with more detailed and intricate designs. It manufacturers variety of fabrics in-house like single as well as double Jacquard, Fleece, Velour, Terry, etc.
