MARKET & ECONOMY​

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved continuation of the Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) beyond 12th Plan for three years from 2017-18 to 2019-20, with a total outlay of Rs. 2,900 crore. The scheme will facilitate technology up-gradation to MSMEs.

Kornit Digital, a global market leader in digital textile printing technology, has announced that Andy Yarrow has been appointed President of Kornit Digital’s Asia Pacific region, effective February 10, 2019.

NAGNATA has collaborated with The Woolmark Company to create a Merino wool seamless activewear collection for the conscious-minded woman, designed for yoga, pilates, cycling, dance, cardio exercise and studio-to-street style.

Exporters from the India’s largest man-made fabric (MMF) hub in Surat have stopped exports of fabrics to Pakistan in the aftermath of dastardly attack by a terrorist of Jaish-e-Mohammed (JeM) on a CRPF convoy in Jammu & Kashmir’s Pulwama district a few days ago.

SKF India announced the launch of its new and indigenous grease LNEP2IN. This grease is specially-formulated to increase the service life of bearings operating in demanding environments and will carry forward the SKF commitment for global quality and reliability across all geographies.