Jordan-based leading apparel manufacturer Classic Fashion is planning to add 5,000 employees in India.
This is mainly due to Walmart’s aim to purchase US $ 10 billion worth of goods from India annually by 2027. As of now, the company currently employs 4,000 people in its Tirupur unit.
Leading business daily, Business Line quoted Sanal Kumar, CMD of the company that out of 5,000 employees, almost 1,000 will be added by 2024.
He further added that being one of Walmart’s long-standing partners, the company got an export order and manufactured over 6 million pieces of apparel worth US $ 21 million in 2021.
Classic Fashion is working with Walmart since 2006 which contributes almost 40 per cent of its total business.
The company is open to shifting its manufacturing for its other clients to India as and when an opportunity comes. It can possibly step up to use more capacities initially in the South, and then down the line and have more verticals set up in India.
Sanal believes, “India is shaping up as a destination that most business enterprises should look upon. I am positive that Classic may invest and possibly grow big over here.”
The company which is currently producing knit garments in India is ready to expand into woven and other Walmart categories as per requirement. The Tirupur unit of the company having 2,000 machines is producing around 47,000 pieces of apparel daily.
The company last year had a turnover of around US $ 806 million and added US $ 50 million in business from Bangladesh and US $ 21 million from India.
It also has clients like adidas, Under Armour, Target, American Eagle, DKNY, Nautica and more.
