Raymond Bets Big on Exports: Rs 497 cr Silver Spark Apparel Park anchors AP investment
17 November 2025, Mumbai
The diversified Raymond Group is solidifying its position as a global apparel powerhouse by committing a majority of its new Andhra Pradesh investment to the garment sector. Chief Minister N. Chandrababu Naidu virtually laid the foundation for three projects, with the Silver Spark Apparel Manufacturing Park in Anantapur commanding the largest share of the capital outlay at Rs 497 crore. This facility is the central pillar of a Rs 1,201 crore, multi-sector investment package in the state, directly linking the iconic Indian textile brand to the surging global demand for high-end ready-to-wear.
Capitalizing on the 'China Plus One' strategy
The Silver Spark Apparel unit is a dedicated subsidiary for Raymond’s garmenting business, which primarily caters to key international markets like the USA, Europe, and Japan, acting as a white-label supplier to over 50 leading global brands. The new park is a strategic move to aggressively leverage the global 'China Plus One' sourcing strategy, where international buyers diversify their supply chains away from China.
The plan projects third-largest suit manufacturer in the world
Raymond is already India's largest exporter of men's tailored garments, including suits, jackets, and trousers. The Andhra Pradesh expansion is critical to the Group’s public goal of increasing its total garmenting capacity by approximately one-third—a boost that will position Raymond as the third-largest suit manufacturer in the world upon full commissioning. The Rs 497 crore investment is expected to generate a substantial portion of the promised 6,500 jobs in the region, focusing on skill development in a high-value manufacturing segment.
SSAL is a Green Factory
Silver Spark Apparel Ltd. (SSAL), established in 2000, is a 100% subsidiary of Raymond Lifestyle Limited (RLL). It has a strong track record of operational excellence, including having earned the prestigious "Best Green Factory" award for its sustainable practices. In Q2 FY26, the overall Lifestyle segment, which includes SSAL, reported a strong performance, and the garmenting business, with its existing facilities in India and Ethiopia, consistently drives high export revenue. This new, large-scale facility in Andhra Pradesh reinforces Raymond's core competence in textiles and apparel, providing a direct, high-volume manufacturing base to capitalize on favorable global market shifts and robust demand for premium garments.
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