Companies

Arvind Ltd to set up apparel park, textile unit in AP

V Rishi Kumar Hyderabad | Updated on March 05, 2018 Published on March 05, 2018

Kulin Lalbhai, Executive Director, Arvind Ltd

‬‪Arvind Ltd has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to set up an integrated apparel and textile park in Chittoor. ‪The MoU was signed between Kulin Lalbhai, Executive Director, Arvind Ltd, and J Krishna Kishore, Chief Executive Officer, APEDB, in the presence of Chief Minister N Chandrababu Naidu.

‬‪Arvind Ltd, the flagship company of the Lalbhai Group, plans to establish the facility in multiple phases across 100-125 acres with a capacity to produce 24 million pieces of shirts, jeans per annum.

Arvind is India's largest denim manufacturer and the world’s fourth-largest producer and exporter of denim.

‬‪The proposed facility will see an initial investment of ₹250-300 crore and is expected to create 15,000 jobs in the first phase. Arvind will also skill over 5,000 workers in garmenting in the proposed unit. ‪The integrated park would help Chittoor, a backward district, to rapidly scale up on value-added industrialisation.

‬‪J Krishna Kishore, CEO, APEDB, said: “Textiles is a priority sector for Andhra Pradesh as the state aims to increase productivity and efficiency by attracting integrated textile units.” ‬‬

‪The Chief Minister has been giving special impetus to textiles and garments due to its potential to create employment, especially to women. ‪The State has been wooing textile majors to establish their units in Andhra Pradesh.

Published on March 05, 2018
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