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Textiles

Arvind, Textile manufacturer and flagship company of the Laljibhai Group, will invest Rs.1,500 crore in 3 years to augment its garment making capacity from fabric by 6-fold. Company will open large factories in Gujarat, Karnataka, Jharkhand and Andhra Pradesh which can employ 10,000 workers. Aim is to double India’s largest denim maker’s textile turnover by […]

Sanjay Lalbhai-led Arvind Ltd. announced a revenue target of Rs. 20,000 crore in the next 5 years with interests spanning textiles, garments, brands, real estate and engineering. The Ahmedabad-based company is set to demerge its fashion and engineering businesses later this year. “We plan to invest Rs. 1,500 crore in the next 3 years in […]

Telangana government is setting up an apparel super hub at the upcoming apparel park in Sircilla district at a cost of Rs 100 crore in partnership with Kay ventures, apparel manufacturer. Hub will come up on a 20 acre of land parcel and house 5,000 state of art sewing units with its corresponding embroidery, printing, […]

Arvind has entered a memorandum of understanding (MoU) with Andhra Pradesh Economic Development Board (APEDB) to set up an integrated apparel and textile park in Chittoor. Facility will see an initial investment of Rs.250-300 crore. The company is planning to set up the facility in multiple phases. Park will spread over 100-125 acre and will […]

Karnataka government has given the green signal to Kerala-based Kitex Garments to invest Rs.493 crore for a ready-made garments unit in Hassan, Karnataka. BusinessLine had reported in November 2016 that Kitex Garments was looking to set up an export-oriented garments unit for infants in Hassanat an investment of Rs.500 crore.Talking to BusinessLine from Kizhakambalam near […]

Raymond inaugurated a Greenfield Linen manufacturing facility in the newly created Textile Park in Nandgaon Peth, Amravati, under its subsidiary Raymond Luxury Cottons on 17 December 2017. In phase 1 of the industrial development initiative, the facility is expected to produce 1200 tons of world class Linen yarns and 4.8 million meters of Linen and […]

Indias textiles sector is likely to touch USD 250 billion in the next two years from the current level of USD 150 billion, a study said today. Joint study by Assocham and Resurgent pointed out that the textile sector in India accounts for 10 per cent of the countrys manufacturing production, 5 per cent of […]

Fashion and lifestyle platform Myntra has launched its own handloom brand, Navibhu, with a view to tapping the niche but expanding customer interest in the India Handloom Brand promoted by the Ministry of Textiles to support weavers and promote the country’s traditional handloom industry. Textiles Minister Smriti Irani unveiled the brand at Myntra’s 6th Annual […]

Telangana government has inked memorandums of understanding (MoUs) with 22 companies in the upcoming Kakatiya Mega Textile Park in the Warangal district. Companies will invest Rs 3,900 crore in the upcoming textile park.Telangana Chief Minister K Chandrasekhar Rao laid the foundation stone for the textile park at Shayampet in Chintapalli village.Project will create direct employment […]