S-Tex plans to invest Rs 100 cr to expand presence in Indian market

Premium furnishing fabrics manufacturer S-Tex Thursday said it planned to invest Rs 100 crore to have a pan-India presence by 2027. The company planned to open four new retail stores here by 2020 and the other showrooms in Chennai, Hyderabad, Kochi, Pune and Kolkata by 2022, managing director of the firm Srinith Sreedharan said in a press release.

''By 2027, we plan to have a pan-India presence with an investment of over 100 crore," he said. S-Tex is engaged in the manufacture and export of yarn dyed home furnishing fabrics.