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Dec, 27 2018

Arvind plans to expand across states in India

The announcement of adding new facility is part of Arvind's plans to set up large garmenting hubs in Gujarat, Jharkhand, and Andhra Pradesh.

Arvind, the $1.7-billion textile-to-retail conglomerate, prepares for a boom in its domestic garmenting business by launching capacities across states in India. The company has made an announcement of 16 million annual garment manufacturing facility in Ranchi, Jharkhand, at an investment of Rs 3 billion.

The announcement of adding new facility is part of Arvind's plans to set up large garmenting hubs in Gujarat, Jharkhand, and Andhra Pradesh.

Sanjay Lalbhai, Chairman and Managing Director of Arvind, said, "Currently, our garmenting business is largely export-oriented. But we also service brands and retailers for the Indian market, which is set to grow in the near future. Also, unlike buying fabrics earlier, almost everyone is looking for a complete fabric-to-finished garment solution. Hence, these additional garment capacities are expected to feed this future demand in the domestic market as well."

"While it currently converts only 10 per cent of fabrics produced by it into garments, the company aims to convert 50 per cent of its fabrics into garments over the next five years," he added.

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