Vardhman Textiles Limited has declared a Rs. 2000 crore investment strategy focused on renewing operations, improving sustainability, and capitalising on the latest market opportunities. The company plans to grow its capacity by adding 5,520 rotors and 17,000 spindles, totaling around 50,000 spindles. Additionally, Vardhman plans to grow new capacity for technical textiles, with a target of manufacturing 15 lakh meters of fabric per month.
The investment plan is planned as follows – Rs. 1000 crore due for the modernisation of the spinning division, scheduled for conclusion by May 2025; Rs. 300 crore due for a new project concentrated on manmade fibre-based fabrics, aimed at addressing an explicit gap in India’s textile industry; and a sizeable increase in green energy adoption, with plans to increase usage from 2.5-3 per cent to 25-30 per cent via investments in solar and wind energy. This proposal is in tune with global sustainability trends and represents a mix of commercial viability and environmental responsibility.
The investment is stimulated by the “China Plus One” strategy, whereby brands are expanding their supply chains beyond China, which is profitable for Indian textile firms such as Vardhman. Furthermore, fresh government policy changes such as the RoDTEP scheme have improved the competitiveness of importing cotton.
Vardhman is assigning Rs. 320-330 crore towards technical textiles, starting production with a capacity of 15 lakh meters per month. The starting phase will manufacture textiles customised for sportswear, industrial applications, activewear, and defense materials, highlighting a makeup of 70-80 per cent polyester and 20-30 per cent nylon.
Furthermore, Vardhman Textiles is introducing a new open-end project with around 35,000 spindles, needing an investment of around Rs. 300 crore. Moreover, the company strives to modernize its current 60,000 spindles by replacing them with 77,000 new spindles, ensuing in a net increase of 17,000 spindles.
This Rs. 2000 crore investment plan by Vardhman Textiles emphasises its commitment to modernizing operations, improving sustainability efforts, and grabbing new market opportunities. This development is poised to boost the company’s competitive advantage and nurture growth in both traditional and technical textiles sectors.
