Trident Group, a major textiles company, is reportedly planning a significant greenfield expansion in India, according to CEO Samir Joshipura. A report revealed that the company has allocated US $ 120 million (Rs. 1,000 crore) for FY ’26 for sustainability, modernisation, and asset enhancement; the greenfield expansion is still in the planning phase, with an expected announcement sometime next year.
Joshipura explained that the company is taking a measured approach due to India’s evolving role in the global economy. India is transitioning from a low-cost sourcing hub to a quality and brand sourcing hub. Furthermore, growing domestic consumption is placing India on a different trajectory compared to other low-cost sourcing countries. Trident is carefully considering how demand will shift between now and 2047, when India is projected to become the third-largest economy, to determine the direction of its investments.
While declining to provide specifics at this stage, Joshipura confirmed that the group is evaluating numerous options and anticipates announcing the expansions next year. He emphasised the potential of the Indian market, noting that Trident’s current business in India is valued at nearly Rs. 500 crore but is expected to grow substantially.
Currently, textiles account for approximately US $ 660 million to US $ 720 million (Rs 5,500 crore to Rs 6,000 crore) of Trident’s approximately US $ 840 million (Rs 7,000 crore) top line, with 85-90 per cent of the textile business coming from international markets, primarily the US. Joshipura pointed out that while India is a relatively small market compared to developed markets like the US and Europe, it is poised for significant growth. He believes that early movers in the Indian market will have a distinct advantage, citing a “huge vacuum in terms of brands in the home textile segment” with limited competition.
