Filatex India Incorporates Step-Down Subsidiary in Spain

Filatex India Limited has announced the incorporation of its step-down wholly-owned subsidiary, Ecosis Infinite, Sociedad Limitada, in Spain. The subsidiary, Ecosis Limited (formerly Texfil Private Limited), has completed the registration process. The company is currently processing share capital remittance and Overseas Direct Investment (ODI) formalities. Upon completion, Ecosis Infinite will operate in the textile industry, focusing on manufacturing and dealing in various types of Polyester Yarns. The initial share capital is €3,000.