Home / Knowledge / News / Textiles / Arvind is setting up Denim Plant in Bangladesh
Arvind is setting up Denim Plant in Bangladesh
27
Sep '10
Arvind, One of the largest integrated textile, apparel and branded apparel player is expanding its Denim Manufacturing capacity to 140 million meters by setting-up 30 million meters of Denim manufacturing plant in Bangladesh.

For this purpose, Arvind is entering in joint venture with Nitol Group of Bangladesh. Arvind shall be setting-up 30 million meters of Denim manufacturing capacity over a period of 3 years with total investment of $ 60 million. The Phase 1 of 10 million meters shall be set up over next: 12 months with an investment of about US $25 million.

Bangladesh, with over 10 billion of exports of garments is among fastest growing garment exporters in the world. It is expected that with lower cost of wages and high productivity the country is expected to continue its growth momentum. Demand for Denim fabrics in Bangladesh is growing more than 25% and is currently at 280 million meters. Out of this, approximately 180 Million meters are being manufactured locally and about 100 million meters are imported.

Commenting on the development, Mr. Jayesh Shah, Director & CFO of Arvind said, "We look at Bangladesh as strategic location In view of unique advantages it offers. Bangladesh being we country, garments exported from Bangladesh do not attract any import duty if the fabric is manufactured in Bangladesh. The wage cost in Bangladesh is amongst the lowest in the world. We shall be manufacturing high quality Denim fabric to cater to requirement of European countries. Since we are already exporting 36 Million meters of Denim to Bangladesh annually, we have ready market available and hence the proposed plant shall be profitable from day one."

Arvind's JV partner Nitol Group has group turnover of US $100 million. Nitol Group has a joint venture with TATA Group and VIP Industries for Bangladesh. Nitol Group will have 20% stake In the JV Company.

The Arvind Mills was set up with the pioneering effort of the Lalbhai brothers in 1931. With the best of technology and business acumen, Arvind has become a true Indian multinational, having chosen to invest strategically, where demand has been high and quality required has been superlative. Today, The Arvind Mills Limited is the flagship company of Rs.20 billion (US$ 500 million) Lalbhai Group.

Arvind Ltd


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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