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Japanese textile major & Vardhman Group sign JV
23
May '09
Nisshinbo Textile Inc, Japan and the Indian textiles major, Vardhman Group will set up a joint venture company to manufacture shirts in Ludhiana in Punjab, India, which will be exported as well as sold in the domestic markets, with Nisshinbo looking after export markets and Vardhman, local markets.

Nisshinbo is a world-class textile manufacturer, with comprehensive operations including spinning, weaving, knitting, finishing and sewing and the Vardhman Group is one of the largest textile conglomerates in India having footprints in specialized yarns, fabrics, sewing threads and acrylic fibre.

Fibre2fashion spoke to a senior company official at Nisshinbo Textile Inc in Japan, who confirmed the news of the joint venture with the Vardhman Group. The JV will install 250 stitching machines and will have an output of 1.2 million shirts per annum, which will be gradually increased to 1.8 million units per year.

Fibre2fashion News Desk - India

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