Peterson Partners, a leading private Equity firm has invested $3 million in K.P.R. Mills Limited , a coimbatore based global player in exporting cotton yarn, fabric and knitted apparel. After a planned expansion, the Company will be equipped with one of the largest cotton spinning capacities in the region with over 210,000 spindles and will double its existing apparel capacity to produce 30 million garments per year.
It is great to see some FI in Textile industry while all the attention is being spent on IT and auto industry in Tamilnadu. Hopefully this will augment the businesses supporting this industry and will invite some more much needed investment to textile industry in coimbatore,