We'll transform our textile business in 3-4 years: Sanjay & Kulin Lalbhai

Arvind Ltd to demerge its branded apparel and engineering businesses

Textile and apparel company Arvind announced it would demerge its branded apparel and engineering businesses, and list these. Sanjay Lalbhai, chairman and managing director, and Kulin Lalbhai, executive director, talk to Raghavendra Kamath. Edited excerpts:

What led you to this decision?

Sanjay Lalbhai: Financial independence will help unlock the full potential of these businesses. The demerger will free up our resources and allows us to renew our focus on textile business. Over the next three to four years, we will invest Rs 1,500 crore in the textile business to transform it.

How has GST (the new goods and services tax)