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Budget Quote : Mr. Vinod Kumar Gupta ,.Managing Director, Dollar Industries Ltd

“The budget for – aspirational India, economic development and caring India, gives a long-term vision of the present government. The increase in tax payer base in last 4 years and thereafter, shall boost in revenue growth – so this budget foresees long term spending more on strengthening rural, agricultural, horticulture and service industry. The Vivad par Viswas Scheme to reduce pending litigations of more than 5 lac cases across India to settle the cases before 31st March 2020, without any interest or penalty is a thoughtful step. Besides, the waiving off of DDT (Dividend Distribution Tax) is a relief for corporates, as it will help in increasing liquidity. Similarly, Nirvik scheme to allow benefits to small time exporters will push forex. Support to the start-ups and MSMEs is an additional push towards uplifting the economy. Tax payers Charter too is a big step to instill confidence to the tax payers. However, reduction in personal tax rates is below expectations, specially after big cut in tax rates of corporates in Sept 2019. But overall, it is a visionary and practical budget. Hope it gives a new lease of life to the morally down market. “

Dollar Industries Limited – Corporate Profile

From a humble beginning as a hosiery brand to a leading name in the innerwear segment, Dollar Industries Limited ranks among the top hosiery and garment manufacturing giants in India, covering entire range of knitted garments, from basic wear to outer wear. Behind its success lay a saga of business transformation, dedication, courage and confidence to swim against the tide and go beyond the call of duty. The focus has always remained on the demanding needs of a globalized world and end customer satisfaction. Today through its advanced quality products, Dollar has focused on achieving global excellence in cost, quality and productivity. The styles introduced by Dollar have always stayed in tune with the latest fashion.Identical with top quality and value for money products, brand Dollar enjoys the trust of millions satisfied consumers across globe leaving far reaching footprints in global market. The company has a substantial pan-India presence and has established its market abroad, in countries like UAE, Oman, Jordan, Qatar, Kuwait, Bahrain, Yemen, Iraq, Nepal, and Sudan in past few years. The Company has also got listed in NSE & BSE in recent past.Dollar Industries holds 15% of the total market share in the organised segment and is the first Indian innerwear company to have a fully integrated manufacturing unit which is equipped with all the latest processing technology and the top-most finishing range to produce finished raw material dyed in any possible colour. Dollar has focused on excellence in cost, quality and productivity.

The company has four state-of-the-art manufacturing units situated in Kolkata, Tirupur, Delhi and Ludhiana. There are 20 branches located in Delhi, Jaipur, Patna, Ranchi, Indore, Guwahati, Cuttack, Vadodara, Nagpur, Bangalore, Hyderabad, Agra, Ludhiana, Raipur, Rudrapur, Kanpur, Pathankot, Rohtak, Mumbai and Varanasi – which cater to the growing needs of customers.All Dollar products are made with the country's finest yarns and manufactured on imported machines. Our strength lies in the state-of-the-art technology that goes into making quality hosiery products including vests, briefs, thermal wear, casual wear, socks and sportswear that are high on comfort and low on pricing. The association with Bollywood celebrity actor Akshay Kumar as the brand ambassador of Dollar Bigboss has also yielded exponential growth for the company.As the company has grown in size and sophistication, the simple commitment to fulfil our customers’ needs has continued to be our hallmark and the secret of our success. Dollar has diversified into multiple categories, with the focus on customer choices and preferences, offering more options in terms of products, sizes, styles and colours.Dollar Industries Limited has lately entered into a joint venture with Pepe Jeans Europe to manufacture and market premium range of fashion innerwear, loungewear, gym wear, sleep wear and track suits for adults & kids in India.

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