BSL Ltd, a legacy brand in the textile and suiting industries, has recently launched its first Cotton Spinning Unit in Bhilwara, Rajasthan, India. This addition is expected to augment the company’s revenue by INR 250 crore in the forthcoming fiscal year. The new unit will have a capacity of 30,000 spindles, enabling the production of 700 tonnes of cotton yarn per month. Less than a year ago, the company decided to venture into manufacturing 100 percent cotton yarn, and in record time, it has set up a cotton yarn spinning facility. The company will offer different counts ranging from 1/20, 1/30, and 100 percent cotton yarn, including Combed yarn, Carded yarn, and Siro Spun yarn. These yarns will be offered for sale commercially, for both the export and domestic markets.
BSL Ltd, is one of the few Indian companies that can boast a varied range of products in its portfolio. Also, the smart manufacturing facility will create employment for an additional 200 people. It is the exclusive supplier of furniture fabrics from South Asia for IKEA, and their products are available in all 450 IKEA stores globally. The company also has two suiting brands, BSL and Geoffrey Hammonds (GH), catering to the mass market and premium segment, respectively. BSL Ltd has expanded its product range and offerings, particularly for domestic customers, with a focus on pure wool and poly wool fabrics, ethnic wear, and jacquards. They are paying special attention to the luxury market and have launched a new brand, GH-Insignia. In the case of exports, it offers a variety of suiting fabrics exported to over 55 countries, as well as an exclusive selection of upholstery fabrics for curtains and upholstery. BSL Ltd has a dealer network across India and a strong presence in the market.
Commenting on the expansion and stating that India has one of the fastest-growing cotton spinning businesses in the entire world and that there is an extensive market for cotton yarn and other cotton-based products in the country and abroad, Nivedan Churiwal, Managing Director, added, “This is due to various factors like the recent China One Plus Policy, strong demand from the Indian and international markets, an abundant supply of raw materials, and the production of high-quality goods by Indian manufacturers. We at BSL Ltd are confident that our goals will be met with the help of multiple initiatives, such as the newly established cotton spinning facility, other expansion plans, and our diverse portfolio.”
For more information: www.bslltd.com