response to the vast opportunity emerging out of the removal of quota barriers
worldwide, the Raymond group has chosen denim as a thrust area for its global
forays and has already invested Rs350-crore in its world class plant at Yavtamal,
in the Vidharbha region of Maharashtra, in Western India Amongst the top two
producers of denim in India, Raymond Limited has announced a further expansion
of its denim manufacturing capacity by 10-million metres per annum. The total
project cost for this would be Rs100 crore.
will augment Raymond''s denim capacity at its Yavatmal denim unit to 40 million
metres per annum. The company has recently commissioned a world class ''rope
Indigo'' dyeing plant, which will enable the company to reach additional capacity
by January 2006.
to Gautam Singhania, chairman and managing director, Raymond Limited, "This
investment for augmenting our denim division will help in meeting the unfulfilled
demand for specialty denim from our discerning and trend setting customers.
Over a period of time, I envision exporting most our denim production as high
value added jeans wear to the best labels worldwide. As a step towards achieving
this, Raymond has already set up EverBlue Apparel Limited (a 100 per cent
subsidiary of Raymond), which is a 10,000-pieces a day, state of the art jeanswear
facility, at the apparel park in Bangalore."
currently exports its denim to over 30 countries across the world and is a
supplier to top brands including Levis, GAP, Zara and store brands like H&M,
Next, etc. The Group has a turnover of over Rs1800 crore ($400 million), through
garments, designer wear, denim, cosmetics and toiletries, engineering files
and tools, prophylactics, & air charter operations.