VTM, a leading weaving company specialising in fine-count fabrics with intricate designs, has signed a memorandum of understanding (MoU) with the Tamil Nadu government to invest Rs 50 crore over the next two years in the state's textile industry.

The investment will focus on the production of cotton grey fabric and home textiles in the Madurai and Virudhunagar districts. This initiative aims to create around 50 jobs, with 40 direct and 10 indirect positions, further boosting local employment. The new investment aligns with VTM’s strategy to expand its manufacturing capacity and strengthen its presence in the growing textile market.

Through this move, VTM seeks to contribute to the development of Tamil Nadu’s textile sector, which is known for its rich legacy and significant role in the country’s textile exports. The investment is expected to enhance the region’s manufacturing capabilities and foster sustainable growth in the industry.