Home / Knowledge / News / Textiles / Raymond investing Rs 350 crore in 2017
Raymond investing Rs 350 crore in 2017
May '17
Courtesy: Raymond
Courtesy: Raymond
With a view to grow apparel sale and fabric business over the next few years, Raymond is investing Rs 350 crore in capacity and retail expansion in 2017. Of this, Rs 200 crore will go for manufacturing expansion in India and offshore, and Rs 150 crore is meant for retail expansion. The company is building a large suiting manufacturing plant in Ethiopia.

The plant in Africa will be operational in 2017 itself. The company is also expanding business in Amravati in Maharashtra for cotton fabric, an agency report said.

“Of the Rs 350 crore, Rs 200 crore will be allocated to manufacturing expansion, both in India and offshore, while Rs 150 crore will go towards retail expansion,” Sanjay Behl, CEO, Raymond, told the new agency.

“The Ethiopia plant will manufacture two million jackets, and the Amravati plant has a capacity of three million metres of linen fabric that will be added this year,” Behl said. The company plans to expand its retail presence to about 1,500 stores by 2020, the report said.

The company plans to open nearly 150-200 stores in 2017, Behl said.

Raymond has more than 1,000 franchise based retail stores. Its brands include Raymond (ready to wear), Raymond Made to Measure, Color Plus, Park Avenue and Parx. The company has tied up with the Khadi and Village Industries Commission to launch its branded Khadi. The new lable will be available at KVIC outlets, besides its own, across India and leading e-commerce portals beginning August 2017.

“We are building capability in finishing, design, and distribution for khadi and investing step by step,” Behl said, according to the report. (SV)

Fibre2Fashion News Desk – India

Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Abhishek Pachauri

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

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2018

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

news category

Related Categories:

Advanced Search