Textile exporters are queuing up to tap the capital markets. Faced with a deluge of orders following the January 1 deadline for phase-out of textile quotas, a number of big textile exporters are mulling the IPO option to raise capital for ramping up capacities. Two of the biggest garment exporters — the Gurgaon-based Orient Craft and the Bangalore-based Gokuldas Exports — are among those planning to tap the capital markets, while a number of mid-sized and smaller players are also weighing the option to fund their expansion plans. In fact, Crisil has estimated that textile players are likely to raise nearly Rs. 16,000 crore by way of institutional and public equity investments over the next five years to meet the post-quota orders.
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