This investment will be one of the largest manufacturing investments in the company’s history and is set to establish one of Asia’s largest garment manufacturing hubs, the company said in a statement.
The project is expected to generate approximately 3,000 direct and 6,000 indirect employment opportunities, Lux Cozi said.
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The company will expand its existing 8 lakh sq. ft. Dankuni facility by another 12 lakh sq. ft., creating a massive 20 lakh sq. ft. manufacturing campus, it added.
Once fully operational, this highly automated facility will set new benchmarks in production efficiency and scale, cementing the Lux Cozi Group’s position as one of the leading Indian apparel manufacturer across the world, the company said.
The expansion adds an annual capacity of an additional 20 crore pieces to the existing facility’s 12 crore pieces, boosting the Lux Cozi Group’s total nationwide capacity from nearly 20 crore to approximately 36 crore pieces annually, it added.
In recent years, Lux Cozi Group said it has also invested nearly Rs 300 crore towards strengthening its brands, deepening consumer engagement and expanding market reach.
The Foundation Stone Laying Ceremony was graced by West Bengal Chief Minister Suvendu Adhikari along with Rajya Sabha MP and West Bengal BJP State President Samik Bhattacharya, Minister, Department of Industry, Commerce & Enterprises, Government of West Bengal Tapas Roy, in the presence of senior government officials, industry leaders, business partners and the leadership team of Lux Industries.
“The Dankuni facility will not only strengthen our production capabilities but will also create meaningful employment, accelerate regional industrial development and contribute to India’s emergence as a global textile and apparel manufacturing powerhouse,” Ashok Todi, Chairman, Lux Industries, said.
“The new Dankuni facility represents the next chapter in Lux Cozi Group’s manufacturing journey. Built with future-ready infrastructure and significantly enhanced production capabilities, this facility will enable us to respond faster to evolving consumer demand, improve operational efficiencies and reinforce our leadership across the innerwear and apparel industry,” Saket Todi, Executive Director, Lux Industries, said.
The Dankuni expansion is a key pillar of Lux Cozi Group’s long-term growth strategy, focused on investing in world-class manufacturing infrastructure that supports future demand, the company said.
The Dankuni plant, celebrated as one of Asia’s premier automated hosiery facilities, will leverage this expansion to consolidate manufacturing, eliminate regional processing bottlenecks, and drastically reduce wastage using advanced machinery, Saurabh Bhudolia, Financial Advisor to Lux Cozi Group pointed out.
The integration is expected to yield immediate operational efficiencies, driving margin expansion and optimizing production costs to support the brand’s fast-growing value-added and outerwear premium segments, he added.
The initiative is projected to achieve a five-year payback period and will be funded through a strategic mix of external borrowings and internal accruals, Bhudolid noted.
