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Brandix signs MoU for two units
Brandix India Apparel City signed four MoUs with the State government during the CII Partnership Summit-2017 organised here on January 27 and 28 at APIIC grounds here.
Visakhapatnam: Brandix India Apparel City signed four MoUs with the State government during the CII Partnership Summit-2017 organised here on January 27 and 28 at APIIC grounds here.
The MoUs are related to establishment of two Chinese companies Leung Fung Textiles and Tian Yuan, and two Indian companies Aggarwal Elastics and Manav Packaging in the Textile Park located at Atchutapuram near here.
The MoUs, on behalf of the four companies, were signed by Dora Swamy, Indian Partner of Brandix in the presence of Chief Minister N Chandrababu Naidu. The total investment would be around Rs 250 crore, the new companies are expected to generate around 3,000 new jobs for both men and women.
The companies would be establishing manufacturing units within the Brandix Park to manufacture and export lace, apparel, elastics and packaging material. The Chief Minister expressed happiness for their investment initiatives and encouraged Brandix management to continue generating more jobs in future.
