MARKET & ECONOMY​

Egypt has chalked out a plan to spend 23-24 billion Egyptian pounds (LE) on modernising the state-owned textile sector, according to the head of the Cotton and Textile Industries Holding Company (CTIHC) Ahmed Mostafa.

Egypt has chalked out a plan to spend 23-24 billion Egyptian pounds (LE) on modernising the state-owned textile sector, according to the head of the Cotton and Textile Industries Holding Company (CTIHC) Ahmed Mostafa.

Egypt has chalked out a plan to spend 23-24 billion Egyptian pounds (LE) on modernising the state-owned textile sector, according to the head of the Cotton and Textile Industries Holding Company (CTIHC) Ahmed Mostafa.

For power loom weavers in Surat, Navapur, a border district in Maharashtra — about 100 km from Surat — has become the preferred destination for setting up weaving units.