Home / Knowledge / News / Textiles / India's Arvind aims ₹10,000 cr business from textiles
India's Arvind aims ₹10,000 cr business from textiles
11
Apr '18
India
Ahmedabad-based Arvind Ltd expects ₹10,000 crore business from its textiles business in the next four to five years, according to Aamir Akhtar, company’s CEO for lifestyle fabrics-denim. It also plans to invest ₹1,500 crore in the textiles business in the next three to five years to expand capacity of existing units and set up new facilities, he said.

The company is exploring newer areas like athleisure and expects to continue its compound annual growth rate of more than 16 per cent in the next few years, Akhtar told a news agency recently.

The company is also in the process of demerging its branded apparel and retail and engineering businesses as part of restructuring its business.

The integrated textile company is working towards closing the demerger by October 2018 that will result in three separate entities, each of which will look at three key businesses — textiles, including fabric, garments and technical textiles, branded apparel and retail, and engineering.

This will result in branded apparel and retail business being demerged into the current subsidiary Arvind Fashions Limited while engineering will go under Anup Engineering. The textile business is, however, going to remain in Arvind Ltd.

Leading brands such as GAP, Levi Strauss & Co, H&M and Patagonia are Arvind’s key customers. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search