Incorporated in 2007 SIPL, a subsidiary of Soktas, Turkey has recently setup a fabric manufacturing unit with a capacity to manufacture 7 million metres of fabric per annum at Kolhapur. The company manufactures high quality yarn-processed fabric to be used for shirting purposes, domestically as well as for export. The parent company has contributed to 88.2% of the capital and the rest has been contributed by International Finance Corporation. The overall cost of the project is expected to be Rs. 250 crore including all phases. The plant started commercial production in April 2009. The parent company Soktas was founded in 1971 and is listed on the Turkish Stock Exchange. The company is a specialist designer and producer of cotton and cotton blended fabrics for shirting. Very recently the company has entered into jacket and trouser fabrics for luxury segment worldwide.