16 March 2022, Mumbai:
Vinay Thadani- Chief Financial Officer and Chief Operating Officer, Vishal Fabrics informs, the company’s export team plans to add 12 countries from the southern region and is working on Latin America and European countries & Pre covid, Vishal fabrics focused on the domestic segment.
However, now it is focusing more on the export front.
Vishal Fabrics is exposed to the US and European markets as they make up for a large consumer base.
Consumers in the US and Europe tend to change wardrobes with changes in fashion trends.
Post the pandemic, there has been a significant impact on the business environment.
However, resting on its strategic abilities, Vishal Fabrics online to grow and improve our profitability and performance.
Now, the company’s export team is planning to add 12 countries from the southern region & are working on Latin America and European countries.
In the future, the company plans to launch 25 percent capacity in the denim unit with additional 2 denim lines. One Denim line will be commercialized in the current financial year and the second line will commence in the Q1 of next fiscal year.
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