Raymond lines up Rs 350 cr for capex

Mumbai
28 May 2017

Textile and apparel major Raymond will invest Rs 350 crore in capacity and retail expansion this year, the company said on Sunday.
This will help ramp up its apparel sale and grow the fabric business over the next few years, a senior company executive said.
"Of the Rs 350 crore, Rs 200 crore will be allocated to manufacturing expansion, both in India and offshore, while Rs 150 crore will go towards retail expansion," Sanjay Behl, CEO, Raymond, told PTI here.