Home / Knowledge / News / MAS Fabric Park in Nellore
MAS Fabric Park in Nellore
26
Oct '07
The MAS Fabric Park, specializing in the operation of Industrial Parks, has just entered into a MOU with the Government of Andra Pradesh to open a 750 acre Industrial Zone in Nellore District as a second phase expansion into India. This move will facilitate customers looking to expand in India, working through Sri Lanka as the hub for Product Design, Development and Raw Material Sourcing.

The investment envisaged is approximately US$ 200Mn and the expected export revenue will be US$ 500Mn over a period of 5 years.

MAS Holdings is a US$ 700Mn multinational, operating in 5 countries such as Sri Lanka, India, China, Indonesia and Mexico, with more than 30 factories already employing 35,000 direct employees. MAS has financial and strategic partnerships with the world's top brands like Victoria Secrets, Triumph, GAP, Adidas, Nike, Speedo, and Marks & Spencer.

The “World Business Magazine” published in association with the INSEAD Business School recently featured the MAS Group on its cover story for excellence in Corporate Social Responsibility.

The MAS Fabric Park hopes to commence operations in May 2007. MAS DogiEFA will be the first customer, a three-way joint venture between Dogi of Spain, Elastic Fabrics of America, with an investment of US$ 30Mn. The project is the last link in MAS' supply chain integration strategy, and is expected to attract investments worth US$ 30Mn in the different stages of the manufacturing and finishing processes.This would be the first export scale unit of its kind in South Asia, offering manufacturers of corsetry, swimwear and sportswear a much needed boost in facilitating 20-30% of their warp knit fabric demand by 2008.

Must ReadView All

Textiles | On 25th Aug 2016

GST rate of 18% should be ideal: CII President

Goods and Services Tax (GST) rate of 18 per cent would be ideal, and...

Courtesy: Sybly Industries

Textiles | On 25th Aug 2016

Sybly starts manufacturing recycled polyester yarn

Polyester yarn manufacturer Sybly Industries Limited has started...

Textiles | On 25th Aug 2016

Prepare development strategy to 2025: VITAS tells govt

The Vietnam Textile and Garment Association (VITAS) has urged the...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search