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Sara Lee Aparel (India) which entered the
country a year ago with its Hanes ComfortWear for men, intends to step
up its retail presence.
From the current 2,500 outlets, the company plans to increase the number
to 4,000 retail outlets in the next five years. Sara Lee with its Hanes
brand competes with Indian brands like Rupa and VIP and foreign brands
like Jockey.
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Riddhi Siddhi Gluco Biols, which has recently
acquired HLL's functional bio-polymer unit in Pondicherry, will use the
unit to develop new starch-based products. The acquisition of this unit
is a forward integration step for the company which plans to enter value-added
product lines like denim grade starch. Starch and starch-derivatives represent
a multi-billion dollar market globally.
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