Raymond Ltd, the leading Textile & Apparel Company and a leading denim player in the country, on March 31, 2005 has announced further expansion of its denim manufacturing capacity by 10 million meters per annum. The company announced that the total project cost for this would be Rs. 1000 million.
This initiative augments Company's Denim capacity at its Yavatmal Denim unit to 40 million metres per annum. The company has recently commissioned a world class Rope Indigo dyeing plant, which will enable the company to reach the additional denim capacity by January 2006.
Commenting on the occasion, Mr. Gautam Singhania, Chairman & Managing Director of the Company said, This investment
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| for augmenting our denim division will help in meeting the unfulfilled demand for specialty denim from our discerning and trend setting customers. Over a period of time, I envision exporting most our denim production as high value added Jeans wear to the best labels worldwide. As a step towards achieving this, Raymond has already set up EverBlue Apparel Ltd (a 100% subsidiary of Raymond), which is a 10,000 pcs a day, state of the art Jeans wear facility, at the apparel park Bangalore."
In response to the enormous Indian opportunity emerging with the removal of quota barriers worldwide, the Raymond group has chosen Denim as a thrust area for its global forays and has already invested Rs 3500 million in its world class plant at Yavtamal, in the Vidharbha region. 
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