Arvind has opened two manufacturing facilities in Gujarat. A third facility will come on over the next few weeks. These facilities will add a capacity of three million garments a month and generate additional revenues of Rs 1000 crores. They are aimed at strengthening Arvind’s position in the global textile and garment market as an integrated fiber to fashion provider and solutions provider to global retailers and brands. The facilities will also contribute to the company’s foray into performance and functional wear (active wear) and synthetics.
At present only 10 per cent of the fabrics Arvind produces are converted into garments. The aim is to convert 50 per cent of Arvind’s fabrics into garments over the next five years. Some 12,000 people are expected to be employed in these facilities. Arvind plans to invest Rs 500 crores a year for the next four or five years with an aim to double revenue from its textile business to Rs 12,000 crores. Gujarat has been at the forefront of the textile value chain. The state’s progressive textile policy has seen Gujarat become the leader in cotton production, spinning and fabric production. The state is poised to become a large garmenting hub.