Reliance Industries Limited (RIL) and Shandong Ruyi Science and Technology Group Co Ltd, China (´Ruyi´) (through its wholly owned subsidiary), have executed definitive agreements for a joint venture in textiles.
Year: 2015
The Government of India announced the minimum support price (MSP) for Kapas (seed cotton) for the current season (October 2014-September 2015).
ACIMIT, the Association of Italian Textile Machine Manufacturers, participated in the recent business mission in Vietnam, promoted by Italy´s Ministry of Economic Development and Ministry of Foreign Affairs and organised by the Italian Trade Agency.
The government has launched four schemes, including a technology mission, for promotion and growth of technical textiles. Technical textiles are materials manufactured primarily for their technical performance and functional properties rather than aesthetic and decorative purpose.
Arvind Limited, one of the largest integrated textile and branded apparel player, has bagged the first prize in the textile sector in the National Energy Conservation Award 2014 of the Ministry of Power, Government of India.
Ludwigshafen-based BASF recently announced its major investment plan in superabsorbent technology, which is worth about $625 million.
The India Travel Awards´ Wall of Legends was awarded to Om Prakash Sahgal, Director, INORBIT TOURS and Ex-Chairman Travel Agents Association (WR) on 25 July 2014 at the function held at Novotel Pune. He was awarded by Parvez Dewan, Secretary, Ministry of Tourism, Government of India.