To take advantage of the recent government incentives for textile manufacturing, Arvind Limited has announced investments over the next couple of years. The company is planning to invest Rs. 300-400 crores in the next 2-3 years in product categories such as leisure fabrics, man-made fiber and advanced materials. The company may not plan any further investments in the traditional cotton textile manufacturing in the near future.
Arvind Limited is a USD-1.7 billion conglomerate with interest in textiles, brands, retail, engineering, water treatment and advanced material sectors, amongst others. Headquartered in Ahmedabad, Arvind ranks among the top suppliers of fabric worldwide. With an annual production capacity of more than 100 million metres in denim and 140 million metres in woven fabric, the company supplies fabrics to many leading brands, both in India and across the world.
Arvind through its subsidiary Arvind Fashions Ltd. has built a strong portfolio of brands that straddle consumer segments across income pyramid. The company is also the garment maker of choice to many leading brands across the globe with a manufacturing capacity of more than 56 million pieces annually.
Arvind has recently clocked the highest profit since the demerger of Arvind Engineering and Arvind Fashion. The revenues for the second quarter of financial year 2021-22 stood at Rs. 2115 crore, which was 62% higher than Q2 of last year. The company’s profit before tax (PBT) stood at Rs. 116 crore and the net profit was Rs. 70 crore.
Advanced Material Division (AMD) is one of the fastest growing divisions at Arvind. The business primarily consists of four solution verticals: Human Protection (fire-resistant fabrics and garments, workwear, etc.), Industrial products (Filtration, Conveyor Belt Fabric, Coated Products, etc.), Advance Composites (Glass Fabrics and Structural Composites) and Automotive Fabrics (in JV with Adient). Human Protection segment, that makes and sells specialty functional apparel such as Fire Retardant, Work Wear, Abrasion Resistant suits, Low temperature clothing, etc., signed up several large international customers. Composites business consolidated its global position at a major supplier of cooling tower sections other glass reinforced – composite products. AMD also produces sports goods made with carbon-fibre reinforced composites.