Ludhiana based Trident Group, one of the leading manufacturers of terry towels, paper, yarn and chemicals in the country is set to invest Rs. 2,400 crore in its existing facility in Budni, Madhya Pradesh. Managing Director of Trident Group Rajendra Gupta asserted that the new unit, set up by Trident Group will be world’s largest Terry Towel unit with more than 300 looms, which will increase its annual revenue by Rs. 1800 crore. With this expansion, the capacity of the company will go up to 688 looms, capable of producing 90,000 tonnes per annum of terry towels. A few months back, Trident commissioned an open end yarn spinning project at the same facility with an investment of Rs. 60 crores, adding 1920 rotors to its capacities. The group exports terry towels and bath robes worth Rs. 1,200 crore to global retailers like Walmart and JC Penny in 76 countries. Trident’s current production capacity is 1.45 crores of towels, 90,000 pieces of bath robes and 7,500 tonnes of cotton and blended yarns per month.
