Published On:May 5 2014
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Shri Govindaraja Textiles to relocate operations in US, invest USD 40 million.
A Tamil Nadu-based textile company has announced to invest USD 40 million in the US state of North Carolina for relocation of its operations which would create as many as 84 new jobs in the next two years.
North Carolina Governor Pat McCrory announced recently that Shri Govindaraja Textiles (SGT), which is a part of the Jayavilas Group in Aruppukottai, Tamil Nadu, will be locating its textile operations in Rockingham County.
'With a strong labour force and proximity to cotton - growing regions and ports, Shri Govindaraja Textiles will succeed in North Carolina,' he said in a statement.
'The company will not only buy North Carolina cotton, but will produce the combed yarn here as well,' said the North Carolina Commerce Secretary Sharon Decker.
'Innovative companies like SGR Textiles are bringing new machinery that will be put to good use by our talented workforce in Rockingham County,' he said.
SGT has 14 manufacturing units spread across two states in Southern India.