MARKET & ECONOMY​

The plan of Tamil Nadu Handicrafts Development Corporation Limited (TNHDCL) and Confederation of Indian Industry (CII), Tiruchi, to support ventures for large-scale extraction of banana fibre is yet to take off in Tiruchi region.

Fortum India has signed an agreement with Chaudhary Charan Singh, Haryana Agricultural University of Hisar to make textile fibre from paddy straw that is otherwise burnt by the farmers causing pollution in northern states.

Oerlikon announced that Philipp Müller has been named Chief Financial Officer (CFO) and member of the company’s Executive Committee, effective January 1, 2020, succeeding Jürg Fedier, who will retire at the end of December 2019.