Arvind Limited gradually cuts down its garment capacity in Ethiopia

The move to shash garmenting capacity in the African country is set to be compensated by fresh capital expenditure plans in India

With uncertainty looming over extension of the African Growth and Opportunity Act (AGOA) Treaty, Arvind Limited is gradually cutting down its garment capacity in Ethiopia.

“During the year we completed a restructuring of some of our facilities across India and also started to gradually bring down capacity in Ethiopia. We had shared that the AGOA Treaty has been kind of cancelled for now and hence duty-free exports from Ethiopia to the US have been halted. As such, the traffic for that location has come down, so we have started kind of reducing the footprint there. So, our installed capacity has come