SIMA in talks with IL&FS for processing project.

(From Business Line)

Coimbatore, June 30 - THE Southern India Mills Association (SIMA) which proposes a common infrastructure project for textile wet processing at Cuddalore is in talks with Infrastructure Leasing and Financial Services Ltd (IL&FS) to rope in the latter in the project promotion, including equity participation.

IL&FS, which is keen on promoting infrastructure projects for textile clusters, has called for details of SIMA's Cuddalore textile processing project. The Cuddalore project is billed to draw an initial investment of around Rs 600 crore.

Indications are that a fusion of SIMA-IL&FS partnership in the project promotion may …