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Suiting fabric producer Raymond Ltd said it plans to invest USD 5 million to launch its products in the West Asian and African markets through its subsidiaries.
Suiting fabric producer Raymond Ltd said it plans to invest USD 5 million to launch its products in the West Asian and African markets through its subsidiaries. The company has recently sought internal approvals for incorporating new overseas subsidiaries, Raymond informed BSE.
The company is planning for a "wholly owned subsidiary of the company in Dubai which will be engaged in trading of textile, apparel and related products in Middle East and Africa", Raymond said as per PTI.
