Arvind to set up garment park in Gandhinagar.

Arvind Limited is setting up a garment park in Gandhinagar, in which it would also have its own apparel manufacturing facility at an estimated cost of around Rs. 1.5 billion, said Mr. Jayesh K Shah, director and chief financial officer of Arvind. The company would invest another Rs. 1.25 billion to set up its own clothing unit with a capacity to produce about nine million pieces annually.

The garment park would have around 20 garment manufacturing units within its premises. The unit is likely to become operational within a year and is likely to fetch around Rs. 6 billion in revenue annually.