Corporate

Arvind rolls out garment manufacturing hub in Gujarat

As part of its expansion strategy, Arvind Ltd, the $1.7 billion textile-to-retail conglomerate, on Tuesday announced the launch of its largest garment hub in Gujarat with two manufacturing facilities commencing operations at Bavla near Ahmedabad. These manufacturing facilities, set up with an investment of ₹350 crore, will strengthen Arvind’s position in the global textiles and garment market as an integrated fibre to fashion provider and solutions provider to global retailers and brands, it said. These facilities will add a capacity of 3 million garments per month and generate additional revenues of ₹1,000 crore. These facilities are expected to employ 12,000 people as operations reach optimal capacity and many more ancillary jobs are expected to be created around these large-scale facilities, the company said in its statement. Arvind Ltd. recently received the approval from National Company Law Tribunal (NCLT) for its scheme of demerger of its branded apparel and engineering businesses into separate entities. Arvind Ltd plans to invest ₹500 crore per annum for the next 4-5 years with an aim to double revenue from its textile business to ₹12,000 crore, it said.

Leave a Reply

Your email address will not be published. Required fields are marked *