Preparing for the future by creating capacities and getting motivated by Government incentives and subsidies, multiple companies have announced massive expansion plans.
In Gujarat, Arvind Ltd, India’s leading textile giant has inked memorandum of understanding (MoU) worth Rs. 3,000 crore with the Gujarat Government, across group verticals including textiles, engineering and real estate.
Kulin Lalbhai, ED, Arvind Ltd. said “These investments will be executed over the next four years even as we plan to scale up our technical textiles segment in Arvind Ltd., and focus on real estate development in Ahmedabad.”
Similarly at the Global Investors’ Meet (GIM) held recently in Chennai (Tamil Nadu) a few of the companies have come forward for their growth plans with fresh investments.
A few of the other leading textile and apparel manufacturing companies are also planning to make huge investments in the near future as they have also signed MoUs.
In Tamil Nadu, The Ramraj Group will invest Rs. 1,000 crores over the next five years and this investment will create 5,000 jobs. K.R. Nagarajan, Founder and Chairman of the group says that the group plans to invest Rs. 200 crore a year to set up textile processing, weaving and spinning units.
Known for yarns manufacturing, GHCL Textiles Ltd., will invest Rs. 535 crore. As per the company, over the next four years, the investments will be used for capacity and product basket expansions, vertical integration of textile manufacturing to include knitted and woven finished fabrics, as well as the enhancement of the green energy portfolio.
Jeyavishnu Clothing (KM Knitwear Group) is investing Rs. 330 crores in textile spinning and processing segments and expected to generate over 2,500 jobs.
Another leading player, SCM Garments is investing Rs. 500 crore over five years, generating 9,300 jobs. Its plan includes setting up new apparel units, install solar and wind energy plants.
Leading homegrown activewear brand TechnoSport will also establish a cutting-edge activewear facility in the Erode district in Tamil Nadu which is poised to commence production by March 2024 and will specialise in technical textiles, harnessing state-of-the-art technologies. Boasting a daily capacity of 25 tonnes, the mega factory is anticipated to create more than 2000 jobs over the course of the next four years.
It is also believed that apart from creating capacities for future, incentives and subsides being offered by various State Governments is also pushing companies to come forward for investment.
On the other hand, for some, the focus is on the market side, as Paramount Textile Mills, known for fine cotton bedding for top European designer brands, is moving to expand its scope in the US market. It has recently hired home textiles veteran Jayesh Saxena as president of global sales and marketing to lead that effort.
Bharat Tex Special Report 2026 
