Indian textile and apparel major Arvind Limited will invest Rs 1,500 crore to expand its business across all verticals as it aims to touch revenue of Rs 10,000 crore by 2023, said a top company official.
American fashion brand Aeropostale is betting big on the Indian market and focusing on the youth segment to drive sales in the coming years. The company is planning to open 15 stores during the current financial year.
Arvind Lifestyle Brands Limited which owns the India rights for American casual fashion brand Gap is planning to expand the store count for Gap in India and is likely to add 4 exclusive brand outlets this year.
Known for its export potential, the Portuguese textile industry is currently seeking to balance its historical manufacturing models and raw materials with a young, sustainable fashion scene and its commercial ambitions.