Sangam India, a prominent producer of PV coloured yarn and seamless garments, would invest 137 crore at its factory in Bhilwara, Rajasthan, to boost manufacturing capacity and ancillary infrastructure.
The project would be partially funded by a 102 crore term loan, with the rest 35 crore coming from internal accruals. The expansion initiative will see 32,832 spindles and six knitting machines installed for the production of cotton yarn and knitted cloth