Arvind to pivot away from yarns biz to ready-made garment segment

As garment manufacturers move out of China, the world's fourth largest manufacturer and exporter of denims sees an opportunity to boost growth down the line

On Friday, the National Company Law Tribunal (NCLT) finally gave the nod to the proposed demerger of textile major Arvind Ltd’s different business divisions that were clubbed under the company for decades. The regulatory approvals pave the way for the company to go ahead with its plan to divvy up its three main businesses of fabrics, fashion and engineering and list them separately on the stock market by January 2019.

Separating fundamentally similar but functionally different businesses is all too common. But behind the Ahmedabad-based company’s plan is an urge to make its businesses future-ready and offer each of its