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Budget 2020 FOCUS ON GROWTH!
Textile industry has something to cherish in the Budget with the abolition of ADD on PTA imports, prioritisation of technical textiles sector, review of rules of origin in FTAs to curb imports from Bangladesh, and RoDTEP, NIRVIK and other measures taken.
Donear Group acquires OCM Woolen Mills
As a part of the strategy to consolidate their top position in Indian textiles industry, the promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills. The acquisition of OCM, which manufactures a premium range of high-quality all-wool and wool-blended worsted suiting fabrics, will enable the Donear Group to expand its range of products to Indian consumers for all weather conditions and for all occasions. In a win-win deal, OCM gets access to the management expertise of the promoters of Donear Group to expand its product range and distribution footprint within India as well as in the overseas markets.
Donear takes over GBTL to expand & go more global
Donear Group has acquired Grasim Bhiwani Textile Limited (GBTL) with the strategic intention to strengthen its manufacturing base and go for cotton ranges in suiting and shirting.
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