MARKET & ECONOMY​

PNataraj, Chairman, The Southern India Mills’ Association (SIMA), has welcomed the announcement of Rs 6,000 per year for the farmers having below two hectares of land under Prathan Mandri Kisan Samman Nidhi Programme giving effect from December 1, 2018 as the same would benefit millions of cotton farmers.

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.