Sangam to invest Rs 180 cr todouble denim

摘要

SANGAM India, a textile company, will invest Rs 180 crore to double its denim capacity to 32 million metres, set up texturing yarn production capacity of 7,200 tonnes per annum and install 2,304 rotors for open ended yarn at Bhilwara in Rajasthan. The company will raise Rs 135 crore at a subsidised interest rate of 6.75 per cent through Technology Upgradation Fund (TUF) and will use internal accruals for the remaining fund.