Lux Cozi Group (Vertical ‘A’ of the Company) has laid the foundation stone for a ₹600-crore manufacturing facility at Dankuni in West Bengal, marking one of the largest investments in the company’s history.
The project is expected to create one of Asia’s largest garment manufacturing hubs and reinforces the company’s long-term commitment to expanding India’s textile and apparel manufacturing ecosystem.
Capacity expansion
Under the project, the company will expand its existing 8 lakh sq. ft. manufacturing facility at Dankuni by an additional 12 lakh sq. ft., creating a 20 lakh sq. ft. integrated manufacturing campus.
The expansion will add annual production capacity of 20 crore garments to the existing 12 crore pieces, taking the company’s total manufacturing capacity across India to 36 crore pieces annually.
The facility is expected to generate around 3,000 direct and 6,000 indirect employment opportunities while contributing to industrial development and economic growth in West Bengal.
Growth plans
Lux Industries Chairman Ashok Todi said, “This investment is far more than an expansion of manufacturing capacity. It reflects our confidence in India’s economic future and our commitment to strengthening the country’s textile manufacturing ecosystem.”
Lux Industries Executive Director Saket Todi said, “The new Dankuni facility will enable us to respond faster to evolving consumer demand, improve operational efficiencies and reinforce our leadership in the innerwear and apparel industry.”
The company said the project is expected to achieve a payback period of five years and will be funded through a mix of internal accruals and external borrowings.