Skip to content
Monday, March 27
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
The Prime Media

The Prime Media

Just another WordPress site

The Prime Media

The Prime Media

Just another WordPress site

  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
Trending Now
  • Surat Biz Fest, the Biggest business festival, creates a buzz across Indian business community
  • ZEEL’s Mind Wars app reaches 111K downloads on Google Play Store!
  • Rewards and Loyalty Gateway Benepik nears 100 Crore Revenues in FY 22-23
  • Actor Zayed Khan and Khushboo Khan’s 2 music videos, “Deedar” and “Haal Bura”, launched
  • Data Intelligence Firm, Near, to Debut on Nasdaq Under Ticker “NIR”
  • Producer Akshai Puri’s next “Gaslight” will unlock the royal world of deep dark secrets, a murder mystery and a classic whodunit
Home>>Business>>Globe Textiles (India) Ltd to expand through acquisition of existing Garment Manufacturing and Processing Unit
Business

Globe Textiles (India) Ltd to expand through acquisition of existing Garment Manufacturing and Processing Unit

The Prime India Online Desk
March 29, 2022

L to R – Bhavin Parikh, CEO, Bhavik Parikh, MD and Nilay Vora, Director

New Delhi [India], March 29: NSE listed Globe Textiles (India) Ltd. (NSE: GLOBE), a STAR Exporter and leading jeans manufacturer and fabrics to global and domestic markets/brands for the last two decades, has informed NSE that it is in the process to Acquire Garment Manufacturing and Processing Unit under its expansion plans. Globe is taking over existing manufacturing units of Vivaa Tradecom Pvt. Ltd., engaged in manufacturing and job work of Garments and processing of Fabrics. Vivaa had a total turnover of Rs.145.90 cr. on 31 March 2021. After the acquisition, GLOBE will enhance its garment capacity and build in-house processing capacity.

The company also announced the reappointment of its Independent directors, Mr. Yogesh Kanhiyalal Vaidya and Mr. Bharat Shamjibhai Patel.

Earlier in December, the company had launched the denim brand “Orijean”, a registered brand of Bhavin Suryakant Parikh, CEO & CFO of the company, which entered into a License Agreement to widen the portfolio with different brands. The vision of “Orijean” is to create sustainable denim wear, which will inspire, support, promote, explore and implement solutions to the environmental crisis, craft, culture & people in every possible way, where everything is original.

“Great brands make an emotional connection with their buyers and inspire them to take action. Brand inspiration is the foundation of your brand strategy,” the company had said in a filing. The portfolio under the “Orijean” has jeans, shorts, joggers, cargo pants, T-shirts, Jumpsuits, and accessories for men’s and women’s wear.

GTIL operates a compliant, sustainable &futuristic manufacturing facility of sheer production brilliance dedicated to fashion garmenting for international customers. Cumulatively, the company will have a capacity of over 2.5 lakh sq. feet, housing various divisions. Together, it manufactures 36 million meters of fabric and 2.5 million bottoms per annum. Cumulatively it will have over 1200 workers strength and a team of over 150 staff members on board.

Globe offers a fascinating range of textiles, apparels and related services through innovation with due care to nature to nurture itself with a vast product portfolio consisting of man-made and natural fibre yarns, fabrics, accessories and readymade garments.

Related tags : Business

Previous Post

Students of INIFD Indore got this incredible opportunity to sparkle in NEW YORK FASHION WEEK

Next Post

Star Imaging & Path Lab organised Preventive Health Campaign for Advocates at Rohini Court Complex

Related Articles

Business

AVRO India 9MFY23 Net Profit upa 253%

Business

Co-living apartments- The emerging trend of 2023

Business

Bonds of worth USD 4 Billion Market Capitalization listed on AFRINEX Securities List 5th August 2022, Ebene, Mauritius

Business

WELLNESSON restructures to India’s first marketplace for Doctors/Dietitians recommended healthy products

Business

FICCI Gujarat Council chairperson Geeta Goradia bags IWEC Award 2022 at Madrid

Recent Posts

  • Surat Biz Fest, the Biggest business festival, creates a buzz across Indian business community
  • ZEEL’s Mind Wars app reaches 111K downloads on Google Play Store!
  • Rewards and Loyalty Gateway Benepik nears 100 Crore Revenues in FY 22-23
  • Actor Zayed Khan and Khushboo Khan’s 2 music videos, “Deedar” and “Haal Bura”, launched
  • Data Intelligence Firm, Near, to Debut on Nasdaq Under Ticker “NIR”

Recent Comments

    © 2023 The Prime Media | WordPress Theme Ultra News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • Education
    • Sports
    • Press Release