The Raymond group, one of the largest conglomerates in the Indian textile industry, plans to set up a new fabric plant in Amravati district to ramp up its fabric manufacturing capacity.
The diversified group will be investing Rs 450 crore for this project as well for the existing plant in Kolhapur. The new textile unit, which is to be set up at Nandgaon Peth in Amravati district in Vidarbha, will have an annual capacity of 20 million metres of cotton fabric.
S K Gupta, President (shirting business) and Group CEO (UCO Denim), Raymond said, “With the new plant at Amravati, we will ramp up our production capacity up to 46 million metres in the next three years. Our Kolhapur facility is looking to scale up its overall production to 26 million metres by 2018. We are upgrading our technology and machines at the Kolhapur plant.”
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The Maharastra government has allocated 500 acres of land for the Amravati plant. The state government has also allocated 102 hectares of land collectively to Shyam Indofab Ltd, VHM Industries, Suryalaxmi Cotton Mills and Siyaram Silk Mill, in which a total investment to the tune of Rs 1,500 crore is expected. These units will employ about 5,200 people.
The state government has decided to set up textile parks in the cotton belt of Vidarbha, Marathwada and north Maharashtra, through the Maharashtra Industrial Development Corporation (MIDC).
Raymond has a market share of 60 per cent in fabric manufacturing and exports about 15 per cent of its total production to markets like Australia, North America, Brazil, Europe and the Middle East.
“Given the industry benchmark of producing 93-94 per cent fresh fabric in the country, this is the only plant to produce 97 per cent fresh fabric without any rejection that sets it apart from the competition and also results in huge cost saving for the company,” Gupta said.
Bharat Tex Special Report 2026 
