Sanathan Textiles generates 77% of its revenue from polyester yarn, 18% from cotton yarn, and 5% from technical textiles. With a 5% market share in India’s polyester yarn industry, the company operates a manufacturing facility in Silvassa with an annual installed capacity of 2.23 lakh tonnes.
IRDAI clears investments in private companies, eases infrastructure funding norms
IRDAI has expanded insurers’ investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, reverse repo and government securities lending transactions.