Arvind to set up integrated textile parks in Gujarat

Arvind, an integrated textiles and branded apparel player has decided to set up integrated textile parks and manufacturing facilities in Gujarat. The entity is expected to sign a memorandum of understanding (MoU) for the same at the upcoming Vibrant Gujarat Summit 2013.

Ahmedabad-based textile conglomerate will be establishing an integrated textile park that can house around 50 units near its existing plant at Santej, for which the company is scouting for a land of over 200 acres. The company has decided to invest around Rs 2,000 crore in an integrated textile park, after investing in its own denim, spinning, shirting, real estate and other business.