Tuesday, October 24, 2006

Mudra Lifestyles plans Rs. 2.2 billion expansion

Business Standard reports that textile company Mudra Lifestyle has made plans to expand its weaving, processing and apparel manufacturing facilities to cater to the current retail boom. The expansion cost is estimated to be Rs. 2.2 billion. The company wants to be able to meet orders from both domestic and international customers, once the expansion is complete.

Mudra is one of the biggest manufacturers of shirts and supplies to major companies such as Wal-Mart, JCPenney, Rip Zone, Primetex, Albacco, Allen Flusser, American Models, American Julliet, Reliance, Raymonds, Killer, Lee and its own brand Madura Garments.

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