Page Industries to invest Rs. 132 crore in Hassan unit

20 Aug 2015

Page Industries, the exclusive licensees of Jockey International, is planning to invest Rs 132 crore in a manufacturing unit at Hassan. The company’s proposal has been recently cleared by the Karnataka State High-Level Clearance Committee (SHLCC) and to facilitate the company’s investment, the Karnataka government is planning to allocate five acres at Kalaburagi (Gulbarga). The plant is expected to generate 790 jobs.

The company has licences to manufacture and distribute the Jockey brand innerwear/leisurewear for men and women in India, Sri Lanka, Bangladesh, Nepal and the UAE. It has also the exclusive licensee of Speedo International to manufacture market and distribute the Speedo brand of sportswear in India.

Page Industries has been engaged in the business of manufacturing garments. The company is located in Bangalore and is the exclusive licensee of Jockey International Inc (USA) for manufacture and distribution of the Jockey brand innerwear/ leisurewear for men and women in India, Sri Lanka, Bangladesh, and Nepal.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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