Alok Ind Bucks Downturn, Records Impressive Growth

摘要

Alok Industries, a Mumbai- based integated textile player, is witnessing sales growth even though a slowing demand for textile products in western countries has hit many domestic exporters hard. To meet the growing demand, the company is now even outsourcing its production to small manufacturers, which are close to shutting down their business.rnThe firm achieved over 40 per cent growth in sales to touch Rs. 1,241 crores in the first half of the current financial year. Even though the demand is shrinking, the firm expects of achieve a similar growth in sales in the second half too. During the first six months of the current financial year, the firm recorded an export growth of 18 per cent and domestic sales growth of 60 per cent over the corresponding period of 2007-08.rn"Global retailers like Wal-Mart and Target are squeezing their supplier base to make sourcing cost-effective," said Sunil Khandelwal, chief financial officer, Alok Industries.