Loyal Textiles, India’s largest exporter of cotton fabrics, is planning to tap the markets in Southeast Asia and will also explore doubling its current market in India, according to its chief technical and business development officer D Devadas. The United States, Europe, Australia, New Zealand, South Korea, Sri Lanka and Bangladesh are its biggest markets.
“We plan to expand our market in India for work wear and technical garments….We are entering medical textiles in a major way….A tie-up with Cool-i-Bar for medically enhanced textiles for cancer patients is on the ropes. We are tying up with SITRA [South India Textile Research Association] for new innovations in medical textiles,” Devadas told Fibre2Fashion in an interview.
“70 per cent of our turnover comes from exports and 30 per cent from the domestic markets.” He said.
Further he added, “US, Europe, Australia, New Zealand, Korea, Sri Lanka and Bangladesh are our biggest markets. We are planning to tap ASEAN markets in future. We will also be looking to double our current markets in India.”
