"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.
