The funds will be deployed to expand manufacturing capacity and strengthen partnerships with large enterprises as well as small and mid-sized retailers and manufacturers.
Manufacturing News
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During the quarter, the company strengthened its integrated capabilities and expanded its portfolio of value-added offerings across both existing and newer markets.
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The lower PAT for 9M was primarily attributed to higher other income in the previous year, which included a one-time gain from the sale of shares via an IPO offer-for-sale and fair value gains on shares of Baazar Style Retail Limited.
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The industry body has also called for a revision of rebate rates to reflect sustained cost inflation and the burden of unreimbursed embedded taxes, including stamp duties, levies on renewable energy equipment, and service-linked charges.
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Industry representatives say this rapid pace of allotment reflects strong interest from both domestic and export-focused enterprises seeking to capitalise on improved infrastructure and logistics connectivity in the region.
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The push comes after the Union Budget unveiled plans to establish seven Mega Integrated Textile Region and Apparel (PM MITRA) parks across the country, part of a broader strategy to strengthen India’s textile sector and enhance competitiveness on the global stage.
