PSM to set up Rs 25 cr shirt manufacturing unit in AP

Hyderabad, Apr 12 (UNI) Priyadarshini Spinning Mills Limited (PSM) today announced its plans to enter garment manufacturing by investing about Rs 25 crore to set up a shirt making unit at Pashamailaram Apparel Park, near here.

The company had already purchased 12 acre of land for setting up the project.

While the initial investment will be about Rs 15 crore, the company will invest the balance Rs ten crore in the later stages for doubling production.

The modern and efficient manufacturing plant will eventually produce 8,500 shirts a day, the company said in a release here.

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