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Huge spandex project in Maharashtra
Hyosung Corporation, the largest global spandex producer of South Korea, which is working with several leading Indian players in the textile field is likely to invest around Rs 3,000 crore Maharashtra’s spandex project.
Fadnavis inaugurates textile park in Vidarbha
Maharashtra Chief Minister Devendra Fadnavis performed bhoomipujan of Gimatex Industries Private Limited’s first Integrated Textile Park in Vidarbha and new extended spinning unit at Hinganghat.
States in $500-BN RAce!
Some States have upped their ante in textiles, declaring it a ´sunrise industry´ and by improving infrastructure and policies, they promise to lend a helping hand to the Indian Government´s efforts to carve out a bigger slice in global textile trade. Joseph S and Karthik M recount the story with details.
"Maharashtra has Rs 6,690-cr new projects in hand"
In Maharashtra, after the declaration of State Textile Policy, a total of 769 projects with investment of Rs 6,690 crore have been established. The investment have come predominantly into the developed textile machinery of spinning and weaving sector.
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