Arvind Limited opens garment manufacturing hub in Gujarat, aims to generate Rs 1,000 crore

By

Maverick Martins

Published
Nov 28, 2018

Textile and apparel major Arvind Limited has launched its largest garment manufacturing hub in Bavla near Ahmedabad, Gujarat with an investment of Rs 350 crore ($49.6 million).
 

The company is expecting the hub to increase its manufacturing capacity and add a capacity of 3 million garments per month to the company’s current garments operations. Arvind is eyeing additional revenues of Rs 1,000 crore to its top line from this manufacturing unit.
 
Commenting on the launch, Arvind's chairman and managing director, Sanjay Lalbhai, said, “At present, only 10 percent of the fabrics we produce is converted into garments. Our aim is to convert 50 percent of our fabrics into garments over the next 5 years. Bavla facilities are a step in this direction.

“These facilities will also contribute to the company’s foray into performance and functional wear (activewear) and synthetics. These new facilities are one of the several we are planning to create over the next few years. We are grateful to the Government of Gujarat for a favourable garment policy that has created a conducive environment for business."
 
Arvind Ltd has massive expansion plans for its textile business and will be investing Rs 500 crore ($69.4 million) every year as it looks to double revenue over the next 5 years. The company expects its revenue to jump from Rs 6,000 crore to Rs 12,000 crore from its textile business by 2023.