Arvind Mills lines up 1k-cr expansion abroad

Coat of arms of Bangladesh

Image via Wikipedia

Arvind Mills, the country’s largest denim manufacturer, is looking to set up facilities in Sri Lanka and South Africa to expand its manufacturing reach and retail presence in India and abroad over three to four years and would invest around 1,000 crore for the programme.

Arvind, in association with Bangladesh conglomerate Nitol-Niloy group, is building a denim manufacturing facility for 250 crore near Dhaka. Arvind, which is one of the largest textile exporters, plans to scale up its manufacturing capacity by 70 million metres per year to 300 million metres, including denim and other fabrics, by 2015.

The company will finance its expansion plan mainly through internal accruals. It has 600 acre of surplus land in Gujarat, where the company is developing real estate projects. The company plans to expand its garment retail business through its own format of mega and big-mega mart in local market and in overseas through multi-brand retailers.

In India, the company will add more than 200 stores with an investment of 150 crore over three years. It now has a retail chain of 175 stores.

Enhanced by Zemanta

Source : News Reports




0 comments:

Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • www.investchips.com never collects any personal information of visitors.