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Related Keywords: allocated to manufacturing expansion, both in India and offshore, capacity and retail expansion this year, expansion in Amravati for cotton fabric, linen fabric, plans investment to the tune of Rs three hunderd fifty crore, Raymond, retail expansion, set up suiting manufacturing plant in Ethiopia, textile and apparel major

The Raymond, textile and apparel major plans investment to the tune of Rs 350 crore in capacity and retail expansion this year. Of which Rs 200 crore will be allocated to manufacturing expansion, both in India and offshore, while Rs 150 crore will go towards retail expansion, said Sanjay Behl, CEO, Raymond on Sunday.

The company will be setting up a large suiting manufacturing plant in Ethiopia in Africa that will be operational this year and has also undertaken a significant expansion in Amravati in Maharashtra for cotton fabric.

Related Keywords: Allen Solly, apparel index show, Being Human, Clothing Manufacturers' Association of India, in terms of sales, large and giant apparel brands, low inventory holding, Monte Carlo, perfroming better, retail expansion, to mid level and small brands

Clothing Manufacturers' Association of India (CMAI's) Apparel Index show that the large and giant apparel brands performing far better in terms of sales than mid level and small brands during the April-June quarter of the current fiscal. Their inventory holding was also lower during the quarter under consideration.