Raymond to invest Rs 200 cr in phase I expansion

Raymond is investing Rs 500 crore for its expansion projects spanning textiles and garments. In phase one, Rs 200 crore will be deployed across its three plants in Karnataka, Gujarat and Maharashtra. As a part of the expansion project, it is proposed to increase the capacity of suiting’s from 40 million metres per annum to 105 million metres and shirting’s from 15 million metres to 55 million metre.

After launching its economy brand Makers in the South beginning Hyderabad, Raymond is working towards creating a chain of tailor training hubs across the country. These trained tailors will be associated with its retail chain of stores.