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Related Keywords: 000 crore business, 500 crore, Arvind Limited, existing units, expand capacity, expects Rs 10, flagship company of the Lalbhai Group, intends to invest Rs 1, set up new facilities, textile manufacturer, textiles business in next four to five years

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.

Related Keywords: 500 crore, Aditya Birla Group-owned Grasim Industries, approved a brownfield expansion, earmarked more than Rs 3, expanding output of VSF, finds key use in making textiles, money will be spent over next two and a half years, only producer of Viscose staple fibre, Vilayat facility, VSF in India

Aditya Birla Group-owned Grasim Industries, the only producer of the Viscose staple fibre (VSF) in the country, has earmarked more than Rs 3,500 crore on expanding the output of VSF that finds key use in making textiles.

Sushil Agarwal, group CFO of Grasim Industries said that the money will be spent over the next two and a half years. They have a strong balance sheet.

Related Keywords: 500 crore, advanced processing, Arvind Fashion, Arvind Ltd, country’s largest denim maker, fastest growing lifestyle division, investing in garment manufacturing facilities, over next three-four years, plans to invest around Rs 1, separate company, spinning off branded apparel, technology driven innovation, transform textiles business, unlock value

Arvind Ltd, the country’s largest denim maker, plans to invest around Rs 1,500 crore over the next three-four years and transform the textiles business by investing in garment manufacturing facilities, advanced processing and technology-driven innovation to unlock value from its fastest growing lifestyle division by spinning off its branded apparel and engineering businesses into separate companies.