Race Eco Chain gets nod to invest in proposed subsidiary company [Other]
AI Summary1 min read
TL;DR
Race Eco Chain, a fabric trading company, has received approval to invest in a proposed subsidiary. The company trades diverse home furnishing fabrics and acquires confiscated textile materials at lower costs through customs auctions.
Tags
Environmental ServicesOtherRace Eco Chainfabric tradingsubsidiary investmenthome furnishingcustoms auctions
The company is currently engaged in the business of trading of fabrics. It is a multi-product fabric trading company and its range includes fabrics for bedding, windows dressing, decorative, pillows and accents, table linen, kitchen linen and other home furnishing fabrics. The company has a diverse product portfolio. It also participates in auctions carried out by authorised agents of customs and ports authorities to buy the confiscated textile materials auctioned by them. The company is able to get these textile materials at a cheaper rate from these auctions.