SVP Global Ventures starts commercial operations at textile plant in Oman

SVP Global Ventures has started commercial operations for its mega textile plant in Oman. The Group has invested $150 million (around Rs 1,100 crore) in setting up 1.5 lakh spindles and 3,500 rotors facility at Sohar Free Trade Zone in Oman. The plant is expected to reach peak utilisation by September 2021 and expected to contribute hugely in overall revenue of the company.

SVP Global Ventures was incorporated with the main object of carrying on the business as an investment company. Later the company diversified to the business of media and entertainment. The company currently carries on the business activities of jewellery, hospitality and books & DVDs.