Priknit Apparels has big plans up its sleeve
LUDHIANA-based 'Priknit Apparels' plans to upgrade the base unit and enhance capacities as well. After opening its outlet in Ludhiana, the company further plans to spread its wings in other parts of the country. It plans to come up with additional 120 outlets by March 2008. That translates to expansions worth Rs 80-100 crore. For this a part of the fund will be raised under the TUFS Technology Upgradation Fund Scheme. Vijay Ghai, MD, Priknit Apparels, said: "Initial investment in phase –1 will be close to Rs 50 crore. Once over with it we will continue with the expansions. Priknit has 74 stores across North India, UP and Rajasthan. We plan to come up with special schemes as well in the coming months." The company has also increased its production facilities to meet the ever growing demand and has increased warehousing facilities too to keep ready stocks to dispatched at the time of need and demand. Priknit is entering the ladies wear market now with proper , authentic and likable range Priknit Apparels started its business in 1983. Initially the company was manufacturing Woollen Knitwears, Jackets and T-Shirts. In 2004 Priknit Apparels Pvt. Ltd. entered into Indian retail markets with its own brand "Priknit." Priknit western wear is available in wide ranges for men and women. Priknit range comprises of T-Shirts, Shirts, Trousers, Cargoes, Pullovers, Cardigans etc. Priknit is fullyequipped with latest fashion trends.