Wool Equities which relies on interests from deposits in bank for income, said that, it might announce partnership deals for wool ventures in the coming months.
Earlier in April, Wool Equities had announced that it was in talks with Romney NZ, to sign a business deal to manufacture and promote designer rugs in the US markets. Shipment orders for rugs have been placed by International Design Guild (IDG) for around its 120 stores in US.
According to Wool Equities Chairman, Clifford Heath, several other deals were nearing completion and they intend to announce certain partnerships and product proposals in the coming months.
The board of the company is confident to build the company in a way that it can deliver both capital growth and dividend stream to the wool growers.
Fibre2Fashion News Desk - India