Despite increasing challenges in apparel export business, it is good news that new players are entering into it. Though most of them are at medium level, they are definitely a support for the industry. Nine Square, a buying house in Tirupur, is also one of them that has just recently completed first year of its establishment. Started by four partners with strong knowledge in sourcing and management, the buying house is working with two chain stores of France and Poland, supplying to them men’s outerwear and kidswear in knitted fabric mainly. Associated with three suppliers of Tirupur, the buying house is also planning to start its own manufacturing in next one year. Leading the team, Saminathan Jayakumar, CEO of the company has experience of working with C&A – Mondial Orient Ltd., TMS International, Dhaka and many other buying offices.
Somu, one of the Partners in the company shared with Apparel Online that the first year of business was good and up to the expectations of the partners. “As we are now entering into the second season, our expectation is to grow by about 30 to 40 per cent. Our team is also working to add new buyers as we have very vast experience in various segment of apparel industry. Whereas own manufacturing is concerned, despite serving our buyers well, we want more control on quality and want to secure total satisfaction of buyers. It is more easy with own manufacturing,” reasons Somu. The detailed plan regarding the proposed manufacturing setup will be finalized at a future date, but the unit is expected to be operational in 2016.
