MARKET & ECONOMY
BSL Ltd, a heritage brand in the domain of textiles and suiting has established a multi-pronged corporate strategy to expand its existing portfolio and enter new segments in the next 4 years.
According to the reports, Kitex Garments has received the approval for its expansion project in the state.
An agreement has been signed by the Board of Investment of Sri Lanka with Rakshaa Ltd to expand its existing operations. This expansion will include ladies’ fashion garments and sportswear.
According to Shivraj Singh Chouhan, Chief Minister, Madhya Pradesh has huge potential for investment in the textile sector. He also said that work is being done to make MP a textile hub.
The machinery/equipment restructuring program has been launched by the industrial ministry for fabric refinement and printing.
Evonik is aiming to establish P84® HT as the new quality standard in the textile industry by making use of the globally recognized label. This is obtained for the personal protective equipment.
Researchers from Rice University have come up with a technology that can convert nanotube fibre into athletic wear which can turn a regular T-shirt into a heart monitor.
According to Shivraj Singh Chouhan, Chief Minister, Madhya Pradesh has huge potential for investment in the textile sector. He also said that work is being done to make MP a textile hub.
The new facility with 10,080 MT capacity will be operational by end of Sept 2021. The company is planning to launch innovative products i.e Roof Tile Underlay, Lumber Wrap, Floating Cover, etc for application in civil engineering, construction, agriculture industries