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DUBAI — India’s apparel maker and retailer Arvind Brands has embarked on an expansion drive within the country and the Gulf, in a move aimed at more than doubling its turnover to Rs15 billion by 2012, the chief executive of the company said.Central to the expansion strategy is the strengthening of its portfolio of international and homegrown fashion brands besides boosting retail presence across India and the GCC markets, said J. Suresh, Chief executive of Arvind Brands & Retail, a subsidiary of the Rs30 billion garments giant Arvind Mills Limited run by Lalbhai Group.
Arvind Brands, which declared a turnover of Rs 4.4 billion in 2008-09, is expecting a combined turnover of Rs6 billion for its retail and brands operations in the current fiscal year.
“By 2012, we expect to boost our retail revenues from Rs3.5 billion at present to Rs10 billion, and revenues from brands buisness to Rs5 billion from Rs2.5 billion at present,” Suresh told Khaleej Times.
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