Technocraft Industries (India) has decided form a Joint Venture (JV) in the form of LLP, under the name and style of ‘Technocraft Garments LLP’ with Rangappa Ramaraj who is having more than two decade’s experience in Textile Industries and who is capable of generating and executing garment business. The proposed JV will procure fabric and manufacture and market garments for specialized market.
The capital contribution of the LLP will be Rs 1,00,000 out of which the company’s contribution will be Rs 95,000. The Profit/(loss) Sharing Ratio of the company and the other partner will be 60:40.
Technocraft Industries (India) is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.
