Gokaldas Exports eyes ₹450–500 crore capex next year as demand outlook improves

BusinessLine reported that Gokaldas Exports plans to spend ₹450–500 crore on capital expenditure next year, as its demand outlook improves. The outlet said apparel imports into the US and EU markets signal a demand recovery. Capex, or capital expenditure, is money a company spends on long-term assets such as factories, machinery and equipment, rather than on day-to-day running costs. The ₹450–500 crore figure is the company's planned spending for the year, not money already spent or profit earned. The report gives no breakdown of where the money will go. The US and EU are large markets for Indian garment exporters, so their import trends are watched as a sign of orders.

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