Home / Knowledge / News / Apparel/Garments / Arvind to set up garment park in Gandhinagar
Arvind to set up garment park in Gandhinagar
17
Feb '14
Ahmedabad-based Arvind Limited, an integrated textile and branded apparel player, is setting up a garment park in Gandhinagar, in which it would also have its own apparel manufacturing facility.
 
Arvind Ltd. is setting up a garment park through its subsidiary Arvind Garment Park Pvt. Ltd. at an estimated cost of around Rs. 1.5 billion, Mr. Jayesh K Shah, director and chief financial officer of Arvind, told fibre2fashion.
 
The company would invest another Rs. 1.25 billion to set up its own clothing unit with a capacity to produce about nine million pieces annually, he informed. The unit is likely to become operational within a year and is likely to fetch around Rs. 6 billion in revenue annually.
 
The garment park would have around 20 garment manufacturing units within its premises, which are expected to invest about Rs. 3 billion, Mr. Shah said. The park, expected to go operational in March-April 2015, would have capacity to earn around Rs. 15 billion, mostly through exports, he added.
 
A flagship company of the Lalbhai Group, Arvind reported better-than-expected earnings in the third quarter ended December 31, 2013. Helped by higher revenues in textile and retail segments, the company posted 35.56 percent year-on-year growth in its consolidated net profit at Rs. 1.02 billion in the October-December 2014 quarter.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Apparel/Garments | On 25th Apr 2017

Walmart's Project Gigaton to help reduce emissions

Walmart has launched a sustainability platform called Project Gigaton ...

Courtesy: Arvind

Fashion | On 25th Apr 2017

The Arvind Store launches ready-to-wear brand for men

The Arvind Store has announced the launch of its own ready-to-wear...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search