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Related Keywords: 100 percent cotton, cotton clothes, cotton pants, suppliers and garment factories

Cotton Bagan was launched by three young graduates of Meiktila University of Economics in the middle of 2017. The products were launched to the public in October 2017. Personally, co founder Pyay Soe Hein doesn’t like to wear elephant pants, and he is sure that there must be other guys like him. That’s why the team chose to start the business by making cotton pants in Bagan.

Related Keywords: 100 percent cotton, fibre to finish product, Hassan SEZ, invest Rs200cr, leading textile player, manufacturer of yarn and fabric, Percot Meridian Ltd, scrap VAT, technical textile plant

Precot Meridian Ltd is a leading player in the textile industry manufacturing yarn and fabric. As part of its expansion plan would be investing an additional Rs 200 crore at its technical textile plant in the Hassan SEZ, which was set up in June 2013.

With promoter funding and a loan from ICICI Bank, the company is currently raising the required capex for the project. It will hire an additional 400 employees for the unit, Ashok Kulkarni, CEO and Director of Percot Meridian Limited said.