Interloop Limited, a leading textile exporter in Pakistan, has unveiled an ambitious strategy aimed at substantial expansion and investment totaling approximately $92 million. Their objective is to significantly enhance operational capabilities and bolster exports to $670.8 million by fiscal year 2025.
A cornerstone of this investment, amounting to $58 million, will be dedicated to augmenting their hosiery production capacity by 25%. This expansion initiative, known as Hosiery Plant 6, is slated for completion by the first quarter of fiscal year 2026.
In tandem with their hosiery focus, Interloop plans to allocate $18.8 million toward installing 20 new denim production lines by the fourth quarter of fiscal year 2026. This strategic move is designed to escalate denim manufacturing capacity to a level capable of producing up to 18 million garments annually.
Furthermore, the company intends to bolster its yarn dyeing capabilities with a $13.2 million investment. Additionally, Interloop aims to expand its solar power generation capacity by adding 4 megawatts (MW) at a cost of $2.1 million. This enhancement will elevate their total solar generation capacity to 16.6 MW by the third quarter of fiscal year 2025.
These robust expansion plans underscore Interloop’s commitment to advancing growth and innovation within Pakistan’s textile sector. By significantly scaling up production capacities and embracing sustainable energy solutions, Interloop not only aims to strengthen its market position but also contribute to the broader economic development and employment landscape of Pakistan.