Kanpur-based Ganesh Polytex Ltd (GPL), a manufacturer of regenerated polyester staple fibre (RPSF), is planning to raise its production capacity to 20,000 tonnes per annum by 2006-07, as against the present capacity of 7,800 tonnes. In the first phase, the company is setting up a 9,000-tonne plant at Pant Nagar in Uttaranchal. To be commissioned with an investment of Rs 16 crore, the plant is expected to start production by January next year, according to
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| the company's managing director, S S Sharma.
GPL is also considering hitting the market with an initial public offer to fund its expansions. Sharma, however, said no timeframe has been fixed for the public offer because the company is weighing all options before going for the issue.
He said the company is looking for growth in the exports segment (which is at present 3,000 tonnes per annum) by adding "more and more value-added products, having vast potential in the local and international market" into its basket. 
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