Gokaldas Injects Rs 300 Crore into Fabric Manufacturer

Gokaldas Exports Ltd (GEX), an apparel exporter based in Bengaluru, has announced a strategic partnership with BRFL Textiles, a fabric processing company with a significant plant in Tarapur, Maharashtra. This collaboration aims to enhance both companies' capabilities and market reach.

As part of this partnership, GEX will invest up to Rs 300 crore in BRFL Textiles in several phases. The initial investment will be Rs 50 crore, which will kickstart the collaborative efforts between the two companies.

The strategic investment is expected to strengthen BRFL Textiles' operations, leveraging GEX's expertise and resources. This collaboration could potentially lead to enhanced production capabilities and improved market competitiveness for both firms.

In addition to the investment, GEX and BRFL Textiles are also considering a potential merger. This merger possibility will be evaluated one year from now, indicating a long-term commitment to their strategic partnership.

Overall, the tie-up between GEX and BRFL Textiles marks a significant step in their growth plans, with the initial investment setting the stage for future developments and a potential merger to consolidate their strengths.

News by Rahul Yelligetti