Specialty chemicals company LANXESS on January 10, 2020 completed the sale of its chrome chemicals business. The buyer is Brother Enterprises, a Chinese leather chemicals producer.
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MIP Inc, a global leader in reusable healthcare textile industry, was launched in India on December 13, 2019 by Tor Lund, President and CEO of MIP Inc, and Bollywood actor Ameesha Patel in presence of top doctors, healthcare professionals and policy makers.
With the foray of the Italian heritage brand – Moda Biella – into the Indian market last month, the brand is set to create a new benchmark in menswear fabrics; with its luxurious and innovative collection.
The Minister for Micro, Small and Medium Enterprises and Road Transport & Highways, Nitin Gadkari has approved the changes in the Interest Subvention Scheme for MSMEs, in a meeting held on December 16, 2019 to review the functioning of the scheme. The improvements are set to provide momentum giving fillip to the MSME sector.
Kerala has targeted a business of Rs 1000 crore from coir geotextiles through its aggressive marketing across the country in the next few years.
22 Factor, a knitwear lifestyle start-up powered by Cobalt Fashion, a leading knitwear specialist in the knitwear industry, has unveiled an on-demand 3D knitting service offering.
Raymond said it will demerge its core lifestyle business into a separate listed entity to simplify the group structure and create investor opportunities.