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ICRVL look at Rs 500cr turnover from Boutique Living in 5 yrs

YarnsandFibers News Bureau 2016-08-31 12:30:00 – New Delhi

Textile firm Indo Count Retail Ventures Ltd (ICRVL) a subsidiary of Mumbai based textile manufacturer and exporter Indo Count Industries (ICIL), are looking at Rs 500 crore turnover from the domestic market in five years time after they have established their brand Boutique Living. At present, their entire turnover comes from exports, said ICRVL Managing Director Asim Dalal.

Boutique Living products are expected to be in market by the first week of September. Boutique Living product range starts from Rs 2,000 per bedsheet set and goes up to Rs 8,000 for a premium category.

The company plans to place its Boutique Living products in over 200 outlets in the first year. After completing first year of operations here in India, they may also look at opening exclusive brand stores, Dalal added.

ICIL reported turnover of Rs 2,213 crore in the fiscal year 2015-16. The company exports bedsheets, bed linen and quilts to 54 countries and has a production capacity of 90 million meters.

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