Dollar Industries awarded at Resilient India Conclave – Honoured as ‘Most Admirable Brand 2021’ in Manufacturing (Hosiery & Knitwear) segment
08 September 2021: Dollar Industries Ltd. recently bagged an award at the Resilient India Conclave 2021 by The Brand Story. Ankit Gupta, President, Marketing, Dollar Industries Limited, received the award for India’s Most Admirable Brand (Manufacturing – Hosiery & Knitwear) segment on behalf of the company.
Dollar Industries Limited has become one of the leading brands in the hosiery sector with an enviable 15% market share and a significant percentage in textile exports of the total production in the Indian hosiery market. It has also made a noticeable presence across social media and e-commerce platforms. Dollar Industries Limited has extensively penetrated across 29 states in India.
The company’s products have also gone beyond the boundaries of the country and it has emerged as the highest selling Indian innerwear brand in the UAE and the Middle East, marking its presence in places like Oman, Basra, Jordan, Qatar, Kuwait, Bahrain, Yemen, Iraq, Myanmar, Nepal, Nigeria and U.A.E. Having fused its position in Gulf countries the company is now assertively looking at the rest of the world with collections that promise to delineate the string.
Dollar Industries Limited is the only hosiery and knitwear company in India consisting of a fully integrated production unit. Being a responsible corporate, Dollar Industries Limited has always paid special attention to environment friendly practices and opted for renewable sources of energy. From 2008 – 2013, the company has installed four windmills with a power generation capacity of 4.95 MW, that can generate approximately 70 lakh units of power annually.
In 2020, Dollar commissioned a 4 MW solar power plant at its manufacturing unit in Tirupur. The solar plant is a part of Dollar’s ‘Green Mission’ initiative and has a capacity of generating 75 lakhs power units annually. Dollar’s objective for installing the solar plant is to not only reduce costs but also make the spinning unit at Tirupur sustainable and self-reliant. Moreover, the solar plant will help in curbing the CO2 emissions by 9000 kgs/per day with a sustainable environment.
Additionally, the brand has invested in an effluent treatment plant with zero liquid discharge. The unit has a production capacity of about 13.5 tons a day, having 6 HPHT (High Pressure High Temperature) machines installed. This factory has a capacity of 1,000 KL zero liquid discharge with multiple evaporators and follows the norms of PCB, comply with labour laws and various quality systems.