Industry And Cluster
Raymond looks to cash in on trade war; may raise garmenting capacity.
Last updated on
Author: TEXTILE VALUE CHAIN
Gautam Hari Singhania-led textile major Raymond is exploring the possibility of enhancing its garmenting capacity as the ongoing trade war between the US and China opens up fresh opportunities for Indian textile companies. Raymond Group, which manages garmenting business through its wholly-owned subsidiaries — Silver Spark Apparel (suits), EverBlue Apparel (jeans wear) and Celebrations Apparel (shirts) — is exploring opportunities in Andhra Pradesh, Telangana and Jharkhand based on the incentives these States offer.