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Siyaram, OCM marking their entry into ethnic women’s wear segment

Related Keywords: ethnic women wear segment, focus on menswear, marking their entry, OCM, OCM roped in Pakistani designer brand, Sana Safinaz, sari range under Rajkamal brand, Siyaram, Siya’ brand, the first mover, traditional textile giants

Siyaram, Mumbai based and Delhi based OCM, traditional textile giants with focus on menswear are now marking their entry into the ethnic women’s wear segment with target audience women in the 25-30 age group with disposable income in excess of Rs.50,000.

Siyaram , the first mover, with its ‘Siya’ brand, Delhi-based OCM has roped in Pakistan’s designer brand Sana Safinaz to make a foray into the ethnic women’s wear segment.

WL Ross & Co seeking some opportunities to invest in Indian textile

Related Keywords: Indian textile business, Invesco, lifestyle brand, OCM, restructuring financially distressed company, the holding company, WL Ross & Co

After the Narendra Modi government laid out proposals in the recent budget to revive the sector. US-based WL Ross & Co, specializing in restructuring financially distressed companies globally, is looking at some opportunities to invest in India's textile business

David Wax, managing director of WL Ross, said that the company currently owns a 94% stake in OCM a 90-year-old fabric manufacturer and is exploring other investment opportunities as there are terrific opportunities with 1.25 billion people and a growing middle class in India.

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