In a bid to double top-line from its textile business to Rs 12,000 crore, Arvind is planning to invest Rs 500 crore per annum for the next 4-5 years. The company is in the process of de-merging its brands and engineering businesses into separate entities. The company will fund the expansion from internal cash flows.
The company is also eyeing at developing 3 large garment clusters in Jharkhand, Andhra Pradesh, and Gujarat. Each of these clusters will employ 4,000-8,000 workers. It already has a cluster operational in Ethiopia in Africa, which the company uses to reach out to America and European markets.
Arvind is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.
