Gautam Hari Singhania, Chairman & Managing Director, Raymond said, "The financial year 2017-18 has been one of the milestone years for the Raymond Group. Having embarked on the Raymond Reimagined journey, we have been able to take initiatives which is helping us in achieving the remarkable dream of creating a new age customer centric organization which is future ready. Meeting global demands through greenfield Ethiopia garmenting plant, reinstating our Make in India commitment through the setting up of linen plant in Amravati, Maharashtra and capturing the tremendous untapped potential in semi-urban and rural areas through mini Raymond Stores are some of the milestones. I am happy to share that our Board has approved real estate development of 20 acres for residential purpose. This is another step in our transformation journey towards enhancing shareholder value."