MARKET & ECONOMY​

Mumbai-based private investment firm Alpha Capital has invested Rs 80 crore in women?s ethnic and casual wear label Shree, whose owner SHR Lifestyles will spend the money to expand its reach in existing markets and penetrate new regions, especially in south India.

India ITME Society has invited to participate in the 11th edition of India International Textile Machinery Exhibition 2020, the mega and the most prestigious event for textile engineering and technology in India, the second largest textile industry in the world.

The Lenzing Group is strengthening its position in sustainability in the textile industry. Lenzing, which is the world market leader in specialty fibres made from renewable material wood, will use blockchain technology to support its Tencel branded fibre business.