The primary objective of the fund is to contribute to the development of the powerloom and related textile sectors. SIDBI Venture Capital Fund Ltd., (SVCL) invests on behalf of Ministry of Textiles in the form of equity in MSMEs to kick start an enterprise/ expansion.
TEX Fund is looking for investment in projects offering potential for attractive growth and earnings. Key criteria for project selection are –
SCVL will invests in innovative business models in the the powerloom and textile related business models with a good management team.
The projects should have a new products and technologies or innovative business model which have the potential to bring superior value proposition to the customers will be given preference.
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