The three manufacturing facilities have been set up with an investment of Rs 350 crore
Arvind Ltd on Tuesday announced the launch of its largest garmenting hub in Gujarat. The company said that as a part of its expansion strategy, it has set up two manufacturing facilities in Bavla near Ahmedabad while a third will commence operations over the next few weeks.
Arvind said that the manufacturing facilities have been set up with an investment of Rs 350 crore.
"These facilities will add capacity of 3 million garments per month to the company's current garmenting operations, and generate additional revenues of Rs 1,000 crore," Arvind said in a release.
It also said that the garmenting facilities will employ 12,000 people once operations reach optimal capacity. The facilities will strengthen Arvind's position in textiles and garmenting market as an integrated fibre to fashion provider, it said further.
"At present, only 10% of the fabrics we produce are converted into garments. Our aim is to convert 50% of our fabrics into garments over the next five years. Bavla facilities are a step in this direction," Arvind's chairman and managing director Sanjay Lalbhai said.
He said the facilities will also contribute to the company's foray into performance and functional wear (active wear) and synthetics.
"These new facilities are among the several we are planning to create over the next few years," he said.
Chief minister Vijay Rupani said that the facilities would help in creating employment opportunities.
"Through the new garment policy, we aim to attract Rs1 lakh crore investment and create 10 lakh jobs in the next five years," a release quoting the CM said.
Arvind said that it is on a path to transform its textile business by developing three large garment clusters in Gujarat, Jharkhand and Andhra Pradesh.
"Each of these clusters will employ over 10,000 workers. Arvind's current manpower of over 45,000 is expected to more than double as these clusters become operational," the company said.
STITCHING GROWTH
- 3 million – garments the facilities will produce
- Rs 1,000 crore – revenues generated by the plants
- 12,000 people – will be employed at optimal capacity
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