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Raymond: Giving a New Spin to Khadi |
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INTRODUCTION |
In June 2019, leading Indian textile company Raymond Ltd. (Raymond) announced that during FY 2018-19, the company had been able to create over three million work hours for artisans who made the traditional Indian fabric – Khadi – and had given them wages that were 30% higher than the norm. The company further claimed that it had significantly developed the tailoring ecosystem in India. Gautam Hari Singhania (Singhania), Chairman and Managing Director (CMD), said, “In a bid to encourage inclusive growth, Raymond continues to enrich the tailoring ecosystem, providing a platform for skill development in the textiles and apparel manufacturing industry by rapidly adding tailoring hubs across the country.”..
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