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.
