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SVP Global Ventures to invest $150 m to expand Oman facility
April 06, 2021
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Mumbai-based SVP Global Ventures, the holding arm of Shri Vallabh Pittie Ventures Ltd’s textiles businesses, plans to invest $150 million (about ₹1,095 crore) this financial year for expanding its Oman facility. The company, which has a facility located at Sohar Freezone in Oman, had invested a similar amount in FY21.
The expansion would enable the company double its production capacity of yarn to 3 lakh spindles and 7,000 rotors per year.
“We already have an order book of ₹5,000 crore lined up for the 2-3 years from buyers across global textile markets, which would be serviced mainly from Oman facility. The orders are mainly coming in from Pakistan, Bangladesh, Vietnam, Brazil and Turkey, while some part of it is also from China,” SVP Group Chief Executive Offi ....

Tamil Nadu , Republic Of , Bangladesh General , Jhalawar Rajasthan , Sohar Freezone , National Stock Exchange , Shri Vallabh Pittie Ventures Ltd , Chief Executive Officer , Draft Red Herring Prospectus , தமிழ் நாடு , குடியரசு ஆஃப் , பங்களாதேஷ் ஜநரல் , ஜலவர் ராஜஸ்தான் , தேசிய ஸ்டாக் பரிமாற்றம் , திரு வல்லப் பித்திஎ முயற்சிகள் லிமிடெட் , தலைமை நிர்வாகி அதிகாரி , வரைவு சிவப்பு ஹெர்ரிங் ப்ரோஸ்பெக்டஸ் ,