Lalbhais to take Mauritius route for apparel exports: Arvind Mills setting up jt venture co.

(From Business Line)

NEW DELHI, June 6. THE Lalbhais have decided to take the Mauritius route for undertaking export and import of readymade apparels.

The group flagship - Arvind Mills Ltd - is in the process of setting up a joint venture company with the Mauritius-based Ganesha Ltd, an overseas corporate body (OCB), for this purpose in which both the partners will hold a 50 per cent stake.

According to Government sources, Arvind Mills has chalked out a plan for the joint venture. The joint venture will undertake manufacturing and toll manufacturing of all types of textile garments and clothing accessories and have committed an annual export turnover …