Sangam (India) has executed a Memorandum of Understanding (MoU) with Golden Seams Industries (GSIPL), with respect to the incorporation of a Joint Venture Company (JV Company). The primary objective of this JV Company is to operate the business of Denim manufacturing and Laundry in Orissa. The MoU between the parties is aimed at enhancing the capabilities of both organizations and will enable them to expand their reach in the Textile Industry.
Sangam (India) is engaged in manufacturing of cotton, synthetic blended yarns, open yarn, synthetic and denim fabric weaves, cotton knitted fabric seamless garment knitting, and fabric processing. It also offers a range of woven PV fabrics, for suiting and bottom wear. The Company’s flagship brands include Sangam Suiting and Sangam Denim.
| Company Name | CMP |
|---|---|
| Welspun Living | 132.80 |
| Vardhman Textiles | 580.50 |
| Arvind | 439.35 |
| K.P.R. Mill | 925.45 |
| Page Industries | 36762.60 |
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