Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 03 2018

Apparel Major Arvind Textiles Aims 40% Rise In In-house Production

Arvind intends to list its branded apparels business, Arvind Fashions, as a separate entity by demerging its branded apparel and engineering businesses.

Apparel Major Arvind Textiles Aims 40% Rise In In-house Production

The homegrown textile major Arvind is planning rise in-house production by 40 percent from 10 percent at present to increase its textile business to Rs 10,000 crore in the next five years.

Aamir Akhtar, chief executive, Denims, Arvind said, "Presently, about 10 percent of our fabrics are made into garments internally. We are targeting to grow this to 40 percent of our production”

For this, the company is adding capacity of 1 million meters annually, and expects 1 million garments to be produced internally per month over the next few years, he added.

Akhtar highlighted that Arvind's denim business has about 40 percent market share in the organised denim market at present, registering an 8-10 percent annual growth. "The company is looking to increase it to 15 per cent," he said.

The apparel major had earlier claimed to increase the turnover from its textiles business to Rs 10,000 crore in four to five years, from Rs 6,000 crore at present.

"The company is also looking to expand its capacities in existing units and set up new ones in the next few years," said Akhtar.

Arvind intends to list its branded apparels business, Arvind Fashions, as a separate entity by demerging its branded apparel and engineering businesses.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Baby & Kids Wear
    About Us: Want to be financially Independent? Want to work with..
    Locations looking for expansion Gujarat
    Establishment year 2006
    Franchising Launch Date 2014
    Investment size Rs. 50000 - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Diet Supplimentary
    About Us: A Well Established & Trusted Health Supplement Brand Since..
    Locations looking for expansion Gujarat
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Casual Dine Restaurants
    About Us: Kerala Cafe is a tastefully designed restaurant that serves..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Haveli Maharashtra
  • Quick Service Restaurants
    About Us: MR & MRS IDLY - a QSR business model..
    Locations looking for expansion Tamil Nadu
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities