Category: HOME TEXTILES
Country: India
Region: Asia
Trident Group is planning a greenfield expansion in India, a move towards becoming a quality and brand sourcing hub. With a Rs 1,000 crore budget for FY26, the company aims to boost domestic and global markets. CEO Samir Joshipura highlights India's growing demand and strategic investment opportunities.
Devdiscourse News Desk | New Delhi
Updated: 23-02-2025 11:03 IST | Created: 23-02-2025 11:03 IST
Trident Group, a major player in the home textiles sector, is set to launch greenfield expansions across India, positioning the country as a burgeoning hub for quality and brand sourcing, as announced by CEO Samir Joshipura.
With a planned Rs 1,000 crore capital expenditure earmarked for the fiscal year 2026, Trident Group is currently in the preparatory phase of its expansion blueprint. The announcement is expected next year as the company weighs potential ventures, focusing on modernisation and sustainability initiatives.
Joshipura emphasized India's transition from a low-cost sourcing hub to a quality production leader, driven by increasing domestic consumption and global economic shifts, forecasting India's rise as a major economic powerhouse by 2047. This evolving landscape presents strategic growth avenues for the company and the broader home textile sector.
(With inputs from agencies.)
Courtesy: devdiscourse.com
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