Aditya Birla Fashion to set up garment unit in Andhra Pradesh
Aditya Birla Fashion and Retail Ltd (ABFRL) will be investing Rs 110 crore to set up a greenfield garment manufacturing unit at Pulivendula in Kadapa district.
The new unit is expected to provide employment to about 2,100 people, mostly women. Andhra Pradesh chief minister Y S Jagan Mohan Reddy laid the foundation stone for the facility.
“I wish this finally grows into a major garment hub employing more than 10,000-20,000 women. The state Government has asked the Centre to sanction a Mega Integrated Textile Park in Kadapa district. It can be developed as an integrated textile and apparel cluster,” Y S Jagan Mohan Reddy said during the foundation stone laying ceremony.
Aditya Birla Fashion and Retail Ltd is eyeing revenue of Rs 25,000 crore ($3.4 billion) by 2026. ABFRL had recorded net revenue of Rs 5,249 crore in FY2021.
The company is banking on its portfolio of brands, strong distribution, boast in production, and digital network, coupled with a consumer-centric and innovation-focused culture to fuel its growth in the coming years.
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