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

95% Britishers want shopping centres for all: Hammerson

Apparel/Garments | On 19th Nov 2018

95% Britishers want shopping centres for all: Hammerson

As many as 95 per cent of British people feel that shopping centres...

Courtesy: Old Navy

Apparel/Garments | On 19th Nov 2018

Old Navy among Best Workplaces in Retail

Old Navy has been listed among the 2018 Best Workplaces in Retail by...

Courtesy: Arvind

Textiles | On 19th Nov 2018

Proposal for India's Arvind Mills unit in Andhra cleared

A proposal by India’s Arvind Mills to set up its first plant outside...

Interviews View All

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

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


November 2018

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

news category


Related Categories:

Advanced Search