Kulin Lalbhai, Arvind Ltd says- “Go beyond cotton”
India being a cotton rich country, cotton still is the prime fibre for the Indian textile industry, however the industry needs to go beyond cotton and take on to manmade fibres to outpace its growth strongly feels Kulin Lalbhai, Executive Director, Arvind Ltd at the textile conclave ‘Vibrant Gujarat 2019’ in Ahmadabad. “We need to adopt MMF aggressively and export synthetics as well,” he said.
Kulin also emphasised on that the textile industry can no more afford to remain slow and sluggish in big cities; there is a need to create textile clusters in smaller cities. “The industry needs to scale up apparel manufacturing and we need to go beyond yarn and fabric. India needs to create vertically integrated supply chain,” he added.
Maintaining its leader position Arvind Ltd is planning to double its textile business from Rs 6,000 crore to Rs 12,000 crore in coming five years time. The company is looking at investing Rs 500 crore per annum for the next five years to expand its textiles business. The company is looking at striking ramp up in its garmenting business from 10 per cent at present to 50 per cent over time. A huge portion of this planned investment will be for garmenting.
The company is also looking at developing three large garment clusters in Jharkhand, Andhra Pradesh and Gujarat. It already has a cluster operational at Ethiopia in Africa, which the company uses to reach out to America and European markets. Foray into performance and functional clothing (active wear) and synthetics is also on the cards along with scaling up its technical textiles businesses.News