MARKET & ECONOMY
RadiciGroup invests EUR 15 million in a new production line for meltblown nonwoven, the filtering material used in protective face masks.
Finance Minister Nirmala Sitharaman began her 2021 budget speech in New Delhi with a quote by Rabindranath Tagore. FM Sitharaman said, “Faith is the bird that feels the light and sings when the dawn is still dark.â€Â
10 per cent import duty on cotton is a severe blow for cotton textile value chain.
SIMA appeals PM for withdrawal.
B&R India, one of the leading automation companies in India recently extended its warehousing and logistics space at Chakan, Pune as a response to continuous growth the company is experiencing and foreseeing in the future.
B&R’s openAutomation Challenge 2020 is an online event for students interested in developing innovative ideas focusing on automation, IoT and cloud-based solutions. Students developed use cases with open source technology OPC UA and automation solutions
Garware Polyester has become a carbon negative company in its high-tech integrated polyester film plants at Waluj and Chikalthana in Aurangabad.
India’s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51% stake in Sabyasachi brand.
GHCL, India’s leading chemical and textile company, recently announced its financial results for Q3 FY21. The company’s performance was encouraging with 26 per cent profitability (PBT) growth Y-o-Y basis and 41 per cent profitability (PBT) growth Q-o-Q basis.
Datatex announces a new project with Global Hantex, Vietnam. After careful and detailed evaluation, Global Hantex has finalised Datatex Software solutions for ERP.