Sangam India has bagged export orders for denim and polyester viscose fabrics worth Rs 35 crores. The new orders are from Egypt, Saudi Arabia, Latin America and Afghanistan. These orders are to be executed in the next four months. The group is a forerunner in manufacturing ready to stitch fabric with an annual capacity to produce 30 million meters of fabric and 40 million meters of denim.
Sangam, which began operations in 1984, has more than 2, 00,000 spindles and 3,000 rotors for producing polyester viscose dyed yarn, cotton and open end yarn. The contribution of exports in the denim business of Sangam has grown from five per cent to 30 per cent in the last 18 months.
The group is the largest producer of polyester viscose dyed yarn in Asia at a single location. The company's pending order book position stands at Rs 238.22 crores, of which Rs 125.60 crores are exports. The company is targeting an export revenue of Rs 450 crores in the current financial year. The seamless garment manufacturing facility has 36 seamless knitting machines with the capacity to produce 3.6 million pieces per annum. With over 10,000 employees, Sangam has diversified into infrastructure, power and steel.