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Lux Industries will invest ₹600 crore to expand its West Bengal factory, increasing production capacity and building what it says will become one of Asia's largest garment manufacturing hubs.
The maker of Lux Cozi, Lyra, ONN and Lux Venus is one of India's largest innerwear and apparel manufacturers.
It produces 20 crore garments annually, with 75% (15 crore pieces) made in West Bengal and sells through 3.15 lakh retail outlets across India, alongside an international presence.
The plan: the company will expand its existing 8 lakh sq. ft. Dankuni factory by another 12 lakh sq. ft., creating a 20 lakh sq. ft. manufacturing campus.
The ₹600 crore project is expected to create 9,000 jobs (3,000 direct and 6,000 indirect) and generate nearly ₹1,000 crore in annual revenue for West Bengal.
It will be funded through a mix of internal accruals and borrowings, with the company expecting to recover the investment within five years.
The bigger picture: India's textile industry is expanding rapidly, fuelled by rising demand for premium apparel and automated manufacturing.
Dankuni is emerging as a major manufacturing and logistics hub thanks to its excellent connectivity and proximity to Kolkata. With India's textile market projected to grow from $174 billion to $350 billion by 2030, investments like this position Lux to tap into rising domestic demand and export opportunities.
PIB
