Shreeyash Industries Ltd has informed that the Company is in the process of manufacturing 'Oxford Shirts' for an Italian Brand by the name of Vancini.
The order has been issued to the Company by Colombo Trade, Breschia, Italy.
The trial order of 5,000 shirts is under production, after which the regular order is for 50,000 shirts per month.
The price negotiated is Rs 355 per shirt (FOB Hyderabad), amounting to Rs 213mn.
The price has been quoted in Indian Rs keeping in mind the volatile nature of international currencies.