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Apparel exporter Virender Textiles expects 25% growth this fiscal

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Virender TextilesFounded by S P Gupta in 1973, Gurgaon-based garment export house Virender Textiles is moving into multiple directions and expecting good growth. The company, with the capacity of one lakh pieces per month, was earlier in C category of BSCI (The Business Social Compliance Initiative) and now it is in B category. “We are following all the compliance norms and continuously improving on the same so that we can serve our clients better,” said Naveen Gupta, Director of the company. Furthermore, the company is restructuring its domestic brand ‘Neo Trendz’, which is currently available online only and offering Indo-western wear.

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Mainly offering complete range of ladies and kidswear, the company is into knits as well as woven and exports mainly to Europe and Germany. Its average FOB starts from US $ 3 and goes up to US $ 10. “Yes, Europe still has not picked up as we were expecting but because of our potential in-house manufacturing and quality production we are expecting 20 to 25 per cent growth in current fiscal,” added Naveen.

 

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