VIJAYAWADA: Arvind Ltd signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) on Sunday for establishing a state-of-the-art integrated apparel and textile facility in Chittoor district with an initial investment of `250 - 300 crore.
Kulin Lalbhai, chairman and managing director of Arvind Ltd, and J Krishna Kishore, chief executive officer of APEDB, signed the MoU in the presence of Chief Minister N Chandrababu Naidu.
The integrated facility will be established in multiple phases across 100 - 125 acres with a capacity to produce 24 million pieces of shirts and jeans per annum.