· Manufacturing & Investment · Source: thehindubusinessline.com

Thiagarajar Mills Group and Germany’s Euro Textiles announce ₹100-crore textile manufacturing venture in TN

Thiagarajar Mills, the Madurai-based group, signed an MoU with Germany’s Euro Textiles GmbH to set up a ₹100 crore fabric unit in Virudhunagar, Tamil Nadu. The plant will make 100% cotton jacquard fabric, with initial annual capacity of 3 million metres, and start production in eight to ten months. Thiagarajar will hold the majority stake and supply yarn; output will target grey fabric exports to Germany before domestic sales.

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