Indian textile-to-retail conglomerate Arvind Limited, recently launched its largest garment manufacturing hub in Gujarat, as part of its capacity expansion strategy, with two manufacturing facilities in Bavla near Ahmedabad. A third facility will commence operations over the next few weeks. These units have been set up with an investment of ₹350 crore.
The facilities, inaugurated on November 27 by Gujarat chief minister Vijay Rupani, will add a capacity of 3 million garments per month and generate additional revenues of ₹1,000 crore, according to a company press release.Indian textile-to-retail conglomerate Arvind Limited, recently launched its largest garment manufacturing hub in Gujarat, as part of its capacity expansion strategy, with two manufacturing facilities in Bavla near Ahmedabad. A third facility will commence operations over the next few weeks. These units have been set up with an investment of ₹350 crore.#
The facilities will employ 12,000 people as operations reach optimal capacity and many more ancillary jobs are expected to be created around them.
Arvind also plans to invest ₹500 crore every year for the next four to five years to double revenue from its textile business to ₹12,000 crore. Currently, a mere 10 per cent of its fabrics are converted into garments, but it aims to convert nearly 50 per cent over the next five years.
"Bavla (Gujarat) facilities are a step in this direction. These will also contribute to the company's foray into performance and functional wear (active wear) and synthetics. They are one of the several we are planning to create over the next few years," chairman and managing director Sanjay Lalbhai said.
Arvind will develop large garment clusters in Jharkhand and Andhra Pradesh as well. (DS)
Fibre2Fashion News Desk – India
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
