Aditya Birla Fashion to set up Rs 114 crore manufacturing plant in Odisha

KOLKATA: Aditya Birla Fashion and Retail (ABFRL) is investing Rs 114 crore to set up a new apparel manufacturing plant in Rayagda district of Odisha with potential to create over 2750 jobs. This unit will have a capacity to produce 3.6 million pieces of apparel per annum.

Odisha industries department principal secretary Sanjeev Chopra said the proposal has been approved in the single window clearance on Tuesday. “This will be the second apparel manufacturing unit of ABFRL in Odisha and comes on the heels of the first unit in Bhubaneswar set up in November last year,” he said.

Chopra said this will be a milestone development in Rayagada district as 2,750 jobs will be created, most of which will be for women.

The company has indicated in its proposal that the new up-coming plant will be financed 30% by equity and balance 70% by term loan. The project will be implemented within 24 months from the date of approval.

ABFRL sells in-house brands such as Louis Philippe, Allen Solly, Peter England and also operates the fashion retail chain Pantaloons. The company’s first unit in Odisha has a capacity of four million shirts per annum and employs around 2,000 employees who are mostly women.