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Arvind, Grasim to set up mega textile factories in Gujarat

Textile major Arvind will invest Rs 300 crores in setting up a mega apparel factory near Ahmedabad. It will produce 24 million garments a year. The plan is to commence commercial production in the fourth quarter of 2018 and create 10,000 jobs, mainly for women.

Arvind is one of India’s largest manufacturers and exporters of textile products with a turnover of nearly $1.5 billion in fiscal 2016-17. The company is also one of the largest producers of denim fabrics and is a supplier to a large number of fashion brands in the world. It does 60 exports and 40 domestic. It is focusing on consolidation and adding value to the supply chain.

Arvind’s textile business (denim and fabric) contributes 60 per cent to total revenue and the rest is by brands and retail business. The Ahmedabad-based company has a portfolio of owned and licensed brands. Its own brands include Flying Machine, among others, while its licensed product brands include Tommy Hilfiger, Calvin Klein, Arrow, Gant, Nautica, Gap, and Aeropostale.

Gujarat’s new Garments and Apparel Policy 2017 encourages employment in the garment sector and promotes garment production in the state. The policy is expected to help the state forward integrate into apparel manufacturing and develop vertical solutions for global brands.

Meanwhile leading textile company Grasim too has signed MoU with the Gujarat government to set up a production facility in the state. Grasim, a flagship company of the Aditya Birla Group, is planning to set up man-made fibre plants in Vilayat GIDC and Kharach-Kosamba in the state’s Bharuch district. The company signed an MoU with the Gujarat government to invest about Rs 4,100 crore. As per its MoU, Grasim will employ about 1,300 people directly and indirectly at the facilities which are likely to be commissioned in 2018 and 2020, respectively.