Raymond To Expand Denim Division
Raymond Ltd, one of India’s leading textile companies, is expanding its denim unit and
establishing two new factories.The total investment will reach 2.11 billion Indian rupees (about
$46.3 million).The company is spending 1.27 billion Indian rupees to expand its denim manufacturing
facility in Yavatmal in Maharashtra state.The annual capacity is expected to increase from 20
million meters to 30 million meters.The expansion is slated for completion by April 2005.The
company also is constructing a new suit and formal trouser manufacturing facility in Bangalore.The
new operation, which will be built in two phases at a cost of 400 million Indian rupees, will have
an annual capacity of 500,000 suits and 1 million pairs of trousers.Another denimwear facility will
be set up in Bangalore.The new site, built at a cost of 440 million Indian rupees, will be
operational by December this year and has an annual capacity of 3 million pieces of garments.
Spring 2004