INDIA: Matrix Clothing wins Emerging India award
Apparel manufacturer Matrix Clothing Pvt Ltd has been recognised as one of the best small and medium-sized companies in India at an award ceremony held recently in London.
The firm, headquartered in Gurgaon, about 20km from New Delhi, won the Emerging India Award in the Textiles and Apparel category for 2008.
Primarily an export oriented manufacturer, Matrix has been supplying men's and ladies' apparel to leading brands in North America, Europe and South Africa since 1980.
Its three factories cover 210,000 square feet and make products such as men's polo and sweatshirts, woven lounge wear and boxer shorts, and embellished women's tops to customers such as Reebok, Gap, Timberland, Chicos, Cutter & Buck, Macy's, Calvin Klein, Armani Exchange and Abercrombie & Fitch.
Sampling facilities, computerised embroidery machines and a washing plant are also installed in-house.
Group company Texcorp Ltd is one of the largest manufacturers and exporters of zip fasteners from India. With two factories in India, its manufacturing capacity is being expanded through wholly owned manufacturing facilities in Istanbul, Turkey and Dacca, Bangladesh.
Significantly, Matrix is also taking steps to redefine its business by entering the domestic market through a newly created joint venture.
Set up in late 2007, the Centre of Excellence in Design Ltd (COED) is a 50-50 joint venture with Crew BOS Ltd and focuses on the growing Indian retail market in accessory and apparels.
COED is now launching its own brands - Kaos & Crew Republica - in the domestic market, and has also been signed as the accessory licensee for the Indian market for the Arrow, Flying Machine and Newport labels.
Managing director Mr Gautam Nair told just-style the award was dedicated "to all those Indian entrepreneurs who fight against all possible odds in pursuing their dream."
Now in their fourth year, the Emerging India Awards are thought to be India's biggest Business Award, receiving a staggering 300,000 applications across its 13 industry categories in 2008.
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