Business Standard

Arvind Limited gradually cuts down its garment capacity in Ethiopia

The move to shash garmenting capacity in the African country is set to be compensated by fresh capital expenditure plans in India

Arvind Limited
Premium

Arvind Limited.

Vinay Umarji
With uncertainty looming over extension of the African Growth and Opportunity Act (AGOA) Treaty, Arvind Limited is gradually cutting down its garment capacity in Ethiopia.

“During the year we completed a restructuring of some of our facilities across India and also started to gradually bring down capacity in Ethiopia. We had shared that the AGOA Treaty has been kind of cancelled for now and hence duty-free exports from Ethiopia to the US have been halted. As such, the traffic for that location has come down, so we have started kind of reducing the footprint there. So, our installed capacity has come

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 06 2022 | 10:44 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com