"The facility will be used for import of capital goods for the textile industry or any other permissible purpose for the textile industry as per Reserve Bank of India guidelines," Alok Industries Managing Director Dilip B Jiwrajka said in a press release issued here.
"We have been associated with Alok in the past and extending of this ECB to them shows that we are as confident about their future as they are," FMO's Manager, Business Development(Asia), Aart Mulder said.
Alok manufactures home textiles, apparel fabrics, garments and polyster yarns.
The company has a blue-chip international customer-base comprising of world-renowned retailers, importers and brands.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app