Maximize your media exposure with our single PR package
India's Arvind to scale up textile biz to ₹10k cr by 2023
22 Jun 18 1 min read
Indian textiles and retail conglomerate Arvind Limited has plans to scale up its textiles business from ₹6,000 crore now to ₹10,000 crore by 2023, according to Susheel Kaul, CEO, lifestyle fabrics, knits and wovens, in the company, which plans to invest ₹1,500 crore from the company’s regular cash flow over the next three years to meet its target.
The key drivers to this growth will be more verticals, more garmenting, ramping up advanced materials division which is into specialised textiles, and adopting newer technologies that will help scaling up operations and build on the Arvind brand, a news agency reported quoting Kaul.
Arvind plans to grow the technical textiles division and get more and more into newer fabrics, focusing on athleisure and activewear, he said.
The brand Arvind, which is worth ₹400 crore now, will be scaled up to ₹1,000 crore. (DS)
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
The key drivers to this growth will be more verticals, more garmenting, ramping up advanced materials division which is into specialised textiles, and adopting newer technologies that will help scaling up operations and build on the Arvind brand, a news agency reported quoting Kaul.
Arvind plans to grow the technical textiles division and get more and more into newer fabrics, focusing on athleisure and activewear, he said.
The brand Arvind, which is worth ₹400 crore now, will be scaled up to ₹1,000 crore. (DS)
Fibre2Fashion News Desk – India
Popular News
|
Vietnam's economy to see gradual recovery in 2024: World Bank |
|
UK manufacturing sector sees improved sentiment in April: CBI |
|
South Indian cotton yarn market bearish; steep fall in Mumbai |
|
Indian fashion retailers make significant strides in sustainability |
|
US trade bodies against tariff hike on apparels from 5 countries |
|
Vietnam’s textile & apparel sector sees FDI revival: Reports |