Tata International, trading arm of the Tata group, saw 2000/01 turnover grow by 20 per cent to Rs2,706 crore, up from Rs2,193 crore. Operating profit for the year was up 30 per cent at Rs13.86 crore, against Rs8.54 crore in the previous year.

The company's leather division contributed around Rs340 crore to the 2000-01 figures. As part of its expansion plans, the division entered into a joint shoe manufacturing venture with Graziella, and forayed into the Indian domestic market with its Stryde branded footwear.
 
The garments business division, which is now being restructured, filed a loss during the year.

Tata International, which has interests across a range of manufacturing industries, has ambitions to increase its turnover threefold to $1 billion by April 2004.


To view related research reports, please follow the links below:-

Gateway to India: India's apparel export manufacturing industry (download)

World Textile Fibers to 2003