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Our Bureau

Coimbatore, Feb. 17

Swiss India Textile Fashions Pvt Ltd, the 50:50 joint venture textile manufacturing company being floated by the Tirupur-based Tubeknit Fashions Ltd with a Swiss partner, is expected to go on stream over the next one year, according to the Tubeknit Fashions Managing Director, Mr P. Parthasarathi. Tubeknit has tied up with Swiss textile major Schallenberg TextilDruck AG for the joint venture which will have an integrated production unit at Perundurai near Tirupur at an outlay of Rs 75 crore. The joint venture is being set up to produce the `niche' fashion wear to cater to the high end European market.

More Stories on : Alliances & Joint Ventures | Readymade Garments

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