Textile firm Arvind recently launched its greenfield garmenting facility in Ranchi. The facility, set up with an investment of Rs 300 crore, will add capacity of 16 million garments annually to the company's current garmenting operations and generate additional revenues of Rs 700 crore.

This launch is part of capacity expansion strategy where Arvind will be developing three large garment clusters in Jharkhand, Gujarat and Andhra Pradesh. Each of these clusters will employ nearly 10,000 workers. The company aims to convert 50 per cent of its fabric into garments over the next five years from the current capacity of 10 per cent. It has charted out an investment of Rs 500 crore per annum for the next five years and aims to double revenue from its textile business to Rs 12,000 crore.

Arvind currently employs over 45,000 people and once these clusters are fully operational at optimum capacity, the employment numbers are expected to more than double.