INDIA: Raymond India Eyes Acquisitions, Boosts Denim Output
Raymond India, the country’s largest manufacturer of worsted suiting, said on Monday it is looking for acquisitions in textiles and will invest millions of dollars in boosting its denim production capacity by a third.
The company’s managing director, Gautam Singhania, said the firm would pump $7.2 million into increasing its annual denim manufacturing capacity by five million metres to 20 million metres.
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