SV Pittie Sohar Textile FZC LLC, a wholly-owned subsidiary of India-based SVP Global Ventures Ltd, is expected to start work on its USD300mn state-of-the-art cotton yarn project in Sohar free zone within a couple of weeks. It has already awarded a USD260mn engineering, procurement and construction (EPC) contract to a UAE-based contracting firm, plans to produce 0.3mn ring spun spindles and 7,000 rotors per annum.
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