Trident Group has charted expansion plans to consolidate its global leadership. The company’s board approved an investment of Rs. 1,667 crore in textile expansion and diversification projects. The investment would be funded through a combination of debt, equity and internal accruals.
With this expansion programme, the company plans to expand its market reach and to improve its product offering as well as product pricing by selling towels and bed sheets together, thereby harnessing customers who could not be tapped erstwhile, due to non availability of complete range of home textile products,” informs Rajinder Gupta, Chairman, Trident Group who has been recently appointed as Chairperson of Federation of Indian Chambers of Commerce and Industry’s (FICCI) Punjab, Haryana, Himachal Pradesh and Chandigarh Advisory Council, which has been setup to guide FICCI’s activities in these states. Earlier, Gupta had been associated with FICCI as an executive committee member.
