Arvind expects Rs10,000cr business from its textiles in next 5 yrs

Arvind Limited is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters is in Naroda, Ahmedabad, expects Rs 10,000 crore business from its textiles business in the next four to five years. The company intends to invest Rs 1,500 crore in the textiles business to expand capacity of its existing units as well as set up new facilities, according to a top company official.

Aamir Akhtar, Arvind CEO Lifestyle Fabrics – Denim said that the overall textiles business for them is around Rs 6,000 crore and they would take it to Rs 10,000 crore over the next 4 to 5 years. The company is exploring newer areas such as athleisure, where it is sensing a significant opportunity.

The company expects to continue its CAGR growth of 16 percent and above in the coming years. Arvind is in the process of demerging its branded apparel and engineering businesses.

It has plans to list its branded apparel business, Arvind Fashions, into a separate entity. Arvind Ltd is in denim, knits & wovens and voiles textiles segments.Denim contributes a large chunk at present, the company is also going for verticalisation.

Rather than just manufacturing fabric, a large part of it would be converted into garments as well. The significant customer base would have one stop supplier for them and give them entire thing end to end.

Besides design, Arvind would co-create and supply them the finished product after manufacturing.

Arvind showcased its exclusive denim collection here named ‘GRAVITY’ along with Invista, one of the world’s largest integrated producers of fibres at its annual event called Arvind FESTIVE 2018.

FESTIVE 2018 also witnessed the launch of futuristic denim technology brands like E-Indigo, Boomerang 360, Boomerang Bounce, Chrome Cord and Hybrid Chinos.

Leading brands such as GAP, Levi Strauss & Co, H&M and Patagonia are its key customers.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

4 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

4 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

4 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago