MARKET & ECONOMY
This is second such plant of the company. Its first plant was commissioned at its complex at Dahej located about 120 km from here in 2007, with a capacity of 40,000 TPA, GACL?s Managing Director Prem Kumar Gera said.
With the establishment of the Gurugram office, Dilo will be in a better position to keep a closer relationship with their Indian customers and ensure prompt assistance for sales and after-sales servicing of their machinery.
Reliance Industries Ltd (RIL) has forged a partnership with Ahmedabad-based Arvind Ltd to manufacture co-branded R|Elan high performance fabrics.
Karnataka Heavy Industries Minister KJ George said the state government would assist Sutlej Textiles Ltd in setting up its unit in Chamarajanagar district at a cost of Rs 786 crore. The textile making unit is being set up at Badanaguppe and Kallambahalli villages of Chamarajanagar district, about 180 km southwest of Bengaluru.
The annual event, presented by Aditya Birla for the last five years, has become an exciting, knowledge-sharing platform for manufacturing professionals in plant operations, production management, quality control, technical and engineering and human resource.
Meanwhile, a FICCI survey says “the Indian economy is expected to grow at 7.4 per cent in the current fiscal, higher than the previous year.
Oerlikon, a leading technology and engineering group, has signed a definitive agreement to divest its Drive Systems Segment to Dana Incorporated for an enterprise value of CHF 600 million
The caustic soda prices in India moderated during the quarter led by temporary softening in global caustic soda prices. The underlying demand from the user industry (alumina and textile) continues to remain buoyant.
India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low a couple of days back.