Comments
Avishya Handloom, an Indian handloom saree and clothing firm, has secured an investment of $1.4 million from a group of US-based angel investors.
The company plans to double its revenues in 2024-25 and 2025-26, with annual growth rates projected at 40 per cent to 50 per cent in the following three years, according to a statement.
In a market estimated to be worth Rs 150,000 crore, with substantial potential in the organised sector, Avishya looks to meet the growing demand for authentic Indian handloom clothing and premium-quality Indian design-centric apparel, it said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.