Established on a 40-acre site the company is expected to produce 20 million garments a year for global markets and create 10,000 jobs, with women expected to make up 80% of the workforce.
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The development comes as India’s textile industry faces mounting pressure from the West Asia conflict, with crude-linked inputs driving costs sharply higher and disrupting supply chains.
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The debate centres on the current import duty of around 11% on cotton, reinstated from January 2026, which spinning mills and apparel exporters argue has exacerbated cost pressures amid a recent surge in domestic prices.
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The instruction seeks to standardise the treatment of such transactions, specifying that goods cleared into the DTA from SEZ units after payment of customs duties will qualify as “imports” if they are later re-exported
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The company recorded an adjusted EBITDA of Rs. 37 crore (US $3.90 million), equivalent to 0.3% of net order value.
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The company operates a luxury marketplace specialising in sneakers, streetwear, and high-end fashion, featuring products from global brands such as Nike, Yeezy, Dior, Supreme, and Louis Vuitton.
