Thiagarajar Group and German company to invest ₹100 crore at Virudhunagar
The Madurai-based Thiagarajar Group and German firm Euro Textiles are investing ₹100 crore to establish a specialized fabric production joint venture in Virudhunagar, Tamil Nadu. The plant will utilize 48 advanced air jet weaving machines to produce cotton jacquard fabric, primarily for export to Germany and other European markets. Production is slated to begin within eight to ten months, supported by upcoming trade agreements.
Why it matters
This joint venture highlights strengthening Indo-European trade ties and boosts regional manufacturing infrastructure in Tamil Nadu, aiming to capture higher-value textile export markets.
Thiagarajar Group and German company to invest ₹100 crore at Virudhunagar COIMBATORE A company of the Madurai-based Thiagarajar Group and German firm Euro Textiles will invest ₹100 crore to set up a specialised fabric production unit at Virudhunagar in Tamil Nadu. The new joint venture plant that is expected to have 48 advanced air jet weaving machinery to produce three million metres of cotton jacquard fabric every year will initially be an export oriented unit. It will later explore opportunities in the domestic market too, said K.
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