MARKET & ECONOMY
India’s annual rate of inflation, based on monthly wholesale price index (WPI), for January 2020, stood at 3.1 per cent over January 2019.
Trident announced an investment of Rs 3000 crore in Madhya Pradesh in ‘Investment Round Table Conference’ with CM Kamal Nath in New Delhi.
LAPP Group, a leading supplier of integrated solutions for cable and connection technology, celebrated the 16th anniversary of the ‘Stuttgart meets Mumbai’ Wine Festival at Taj Land’s End Hotel, Mumbai on February 7-8, 2020.
The Ministry of Textiles under the dynamic leadership of Union Textile Minister, Smriti Zubin Irani, is in the process of formulating the new textile policy and it is likely to be announced in 2020.
Sangam, in district Solapur, is a small village which is about 320 km south of Mumbai. In the early 80’s a young boy saw his mother and father working in the nearby cotton fields.
India became the largest producer of cotton in the year 2014-15 and continues to be the leader in cotton production in the world by accounting 37 per cent area under cotton.
The Confederation of Indian Textile Industry (CITI), the National apex body for the textiles & clothing industry across the Nation, organised an interactive meeting with Ravi Capoor, Secretary, Ministry of Textiles, Government of India with the office-bearers of 48 textile Associations in South India representing the entire textile value chain.
Preparations and necessary arrangements for the ITM 2020 International Textile Machinery Exhibition, which will take place on 2-6 June 2020, are progressing at full speed.
NITW and Prime Textiles inked an MoU for educational and scientific research as part of IMPRINT project titled ‘Development and Demonstration of Pilot-scale Hybrid Waste Water Treatment System with Hydrodynamic Cavitation and Biosurfactant for Recycling Textile Effluent’ sanctioned to Chemical Engineering Department, NIT Warangal.