Monday, December 18, 2006

SIDBI Venture to invest Rs. 30 crores in V&S International

SME Growth Fund of SIDBI Venture Capital Ltd. has invested 30 crores in Gurgaon-based textile manufacturer and exporter, V&S International Pvt. Ltd. The company supplies textiles and ready-made garments to retail chains in the US and Europe. SIDBI Venture Capital Ltd is the venture capital arm of the Small Industries Development Bank of India. It invests out of two funds, the SME Growth Fund and the Rs. 100 crore National Venture Fund for Software and IT Industry.
Of late, the private equity firms have shown a lot of interest in the textiles and apparels sector. KPR Mills, Koutons Retail are some of the firms that have received a round of PE funding.

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