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Shreeyash Industries receives order worth Rs 21.30 crore from Colombo Trade, Italy

25 Jun 2012 Evaluate

Shreeyash Industries is in the process of manufacturing 'Oxford Shirts' for an Italian Brand by the name of Vancini. The order has been issued to the company by Colombo Trade, Breschia, Italy.

The trial order of 5,000 shirts is under production, after which the regular order is for 50,000 shirts per month. The company had negotiated price at Rs 355 per shirt FOB Hyderabad, amounting to Rs 21.30 crore. The price has been quoted in Indian rupees keeping in mind the volatile nature of international currencies.

Shreeyash Industries earlier known as Range Apparels is promoted by Mano Kumar and his wife Sumedha Saraogi in technical arrangement with Kuke Nylon (KNCs), S Korea, for setting up a new 100% EOU for the manufacture of knitted designer cotton socks of international standards/quality.

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