Four company show keen interest to invest in Brandix textile park

YarnsandFibers News Bureau 2017-01-31 17:00:00 – Visakhapatnam

Brandix India Apparel City (BIAC) signs four MoUs with the State government during the CII Partnership Summit-2017 organized at Visakhaptnam on January 27 and 28 at APIIC grounds with an investment of Rs. 250 crore to create 3,000 new jobs.

The MoUs are related to establishment of two Chinese companies Leung Fung Textiles and Tian Yuan, and two Indian companies Aggarwal Elastics and Manav Packaging in the Textile Park located at Atchutapuram near here.

The MoUs, on behalf of the four companies, were signed by Dora Swamy, Indian Partner of Brandix in the presence of Chief Minister N Chandrababu Naidu. The total investment would be around Rs 250 crore, the new companies are expected to generate around 3,000 new jobs for both men and women.

The companies would be establishing manufacturing units within the Brandix Park to manufacture and export lace, apparel, elastics and packaging material. The Chief Minister expressed happiness for their investment initiatives and encouraged Brandix management to continue generating more jobs in future.

The agreements were signed at the CII Partnership Summit by Indian partner of Brandix Dora Swamy in the presence of Chief Minister N. Chandrababu Naidu.

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