Article: India: Eastern Silk to invest Rs 80 cr(USD17mn) in Bangalore plant.

Byline: pinto03

Eastern Silk Industries Ltd would invest Rs 80 crore(USd17mn) at its Bangalore plant for manufacturing velvet and jacquard fabrics, a company official said. Talking to reporters after the company's annual general meeting here today, CEO of Eastern Silk G Venkatesh said that the new plant would be operational by May 2009.

He said that these fabrics were ...

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