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Raymond receives numerous inquiries from global firms due to the Bangladesh crisis.
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The company is ready to capitalize on the situation and expand its garmenting business.
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India’s end-to-end supply capabilities and political stability make it an attractive alternative to Bangladesh.
Raymond, a leading textiles and apparel company, sees an opportunity in the Bangladesh crisis, which has resulted in a huge number of inquiries from global firms. Chairman and Managing Director Gautam Singhania stated that the company is ready to take advantage of the situation and expand its garmenting business.
India’s end-to-end supply capabilities, linking all stages of production, make it an attractive alternative to Bangladesh. Additionally, India’s political stability and large middle class with great consumption and manufacturing capabilities make it a preferred destination for global firms. Although Indian labor may be more expensive than Bangladesh, the benefits of working with Raymond outweigh the costs.
The company has invested in its garmenting facility and is now the third-largest suit maker in the world. With a capacity to produce 7.5 million pieces of jackets, trousers, and shirts in India, Raymond is well-positioned to meet the demands of global firms. The company’s demerger with Raymond Lifestyle is expected to be completed soon, and the listing of Raymond Lifestyle Ltd is expected in the second quarter of this year.
