Vardhman Textiles will add to its capacity with 1.65 lakh equivalent spindles in two or three years.

The investment required is Rs1400 crores. The funding will be raised through internal accruals and debt. The capacity addition is aimed at bringing better business synergies, competitive advantage and meeting increased demand. The existing capacity is 12 lakh equivalent spindles, which are running at a capacity utilization of 95 per cent.

Vardhman is a textile and apparel major. Vardhman is into manufacturing of high-end premium quality shirts for large retail brands Van Heusen, Benetton, Sisley, Color Plus, among many others. Vardhman, which began operations in 1965, is engaged in the business of manufacturing yarn, fabric, acrylic fiber, garments, sewing threads and alloy steel. The group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe. It is one of India’s largest textile manufacturers with a substantial market share. The company is a one-stop shop for all kinds of spun yarn offering a variety of contemporary blends and shades. Yarn constitutes the largest business at Vardhman. The company also manufactures organic cotton, melange, core spun yarns, ultra yarns, gassed mercerised, superfine yarns, slub and cellulose yarns and fancy yarns for hand knitting.