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Investor plans big-ticket investments in textile sector
15
Oct '10
The private equity group Eurasia Capital Partners Fund (ECPF) has been planning to invest over 100 million Euros in some of the Turkish firms, which are growing at a very fast pace, in association with other co-investors during the coming two to three years' time.

Istanbul Venture Capital Initiative, Dutch Development Bank, the International Finance Committee, the European Bank for Reconstruction and Development (EBRD) and Axxess Capital are the major investors.

The first investment in the country will be a kids-wear manufacturing company. The ECPF's investment in the kids group is being considered as vital for its development. The company is expected to soar high after this investment. The company aims to be among the top ten kids-wear brands in the near future.

The ECPF has shown its interest in the textile sector too. The other textile companies are also expected to benefit from these investments.

Fibre2fashion News Desk-India


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