Pakistan’s textile giant ‘Interloop Limited’ to invest $300 Million in next five years

Interloop Limited, one of the largest hosiery manufacturers in the world will invest $300 million in the next five years, as the company eyes to double its sales under its ‘Vision 2025.’

The company said that under the vision it will endeavor to double its sales by FY2025-26 when compared to the sales in the FY2020 -21. Moreover, in order to achieve its vision and double its sales the company will add a knitwear apparel plant, an ActiveWear plant, a Denim fabric mill, sixth hosiery plant and enhance its spinning and yarn dyeing capacity during the next five years with an estimated capital outlay of $300 million.

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Interloop Limited is also Pakistan’s one of the largest exporting firms and one of the largest listed companies on PSX by in terms of market capitalization.

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