Raymond, the leading manufacturer, marketer and retailer of the finest worsted suiting and cotton shirting fabrics and a significant player in branded apparel, inaugurated a greenfield linen manufacturing facility in the newly-created Textile Park in Amravati, under its subsidiary Raymond Luxury Cottons Ltd.
In phase 1 of the industrial development initiative, the facility is expected to produce 1200 tons of world-class linen yarns and 4.8 million meters of linen and blended fabrics per annum. It is expected to generate direct and indirect employment for 800 people.
Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Group, said: “This first manufacturing facility here in Amravati is a symbol of pride for us. Truly inspired by the ‘Make in India’ initiative and Maharashtra’s endeavor to develop the Vidarbha region, it has been set up in record time. With seven plants already operational in Maharashtra, two in and around the Vidarbha region, (Yavatmal and Chhindwara), Raymond has always been at the forefront of Maharashtra’s industrial development. This greenfield facility in Amravati, along with a planned school and residential complex, is yet another step in furthering our contribution to Vidarbha’s overall development.”
Garment factory in Ethiopia
Silver Spark Apparel Ethiopia PLC, a wholly-owned subsidiary of Raymond, the leading manufacturer, marketer and retailer of worsted suiting fabrics and ready-to-wear apparel, has established its greenfield garment manufacturing facility in Ethiopia. Set up at Hawassa Industrial Park (HIP), with an investment of over Rs. 100 crores, this foray is in line with the group’s ambition to expand its presence across international markets. The new plant will generate employment for over 2500 people.
In order to be globally price competitive for the export market, setting up a garmenting plant in Ethiopia is a strategic move to ensure duty-free access to key export markets such as the US and Europe.