Textile and apparel company Arvind Ltd has inked an MoU worth ₹3,000 crore with the Gujarat Government, across group verticals. The company will use the capital towards the development of its textiles, engineering and real estate verticals in Ahmedabad. To be executed over the next four years, these investments will used for scaling the company’s technical textile segment and development of real estate in Ahmedabad, says Kulin Lalbhai, Executive Director

Arvind Ltd has also signed an MoU to supply technically advanced uniform fabric to the Indian Navy.   The MoU involves supply of technically advanced uniform fabric having anti-fungal, anti-microbial and anti-bacterial properties. Specially developed for tropical conditions, these fabrics will offer an improved moisture management technology and a higher whiteness index lasting multiple washing cycles, says a spokesperson of the Indian Navy.