Parvati Fabrics Ltd, is well-known as leaders in manufacturing and trading across India as well as exporting high quality fabrics and designer women’s wear to various countries all over the world.

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.

The minister, who is also in-charge of the Sugar, Information Technology and Biotechnology (IT & BT) and Science and Technology portfolios, visited the industrial estate being set up by the Karnataka Industrial Area Development Board. The estate will be spread over 1,460 acres of land.

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.

With this partnership, the company plans to increase the touch points available to reach customer and address the growing demand from enterprises for energy efficient and technologically superior power conditioning and power back-up solutions devised for modern day IT requirements.

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

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.

In the first quarter of fiscal 2018-19, the revenue of Grasim Industries from the viscose staple fibre (VSF) business has climbed 35 per cent to Rs 2,480 crore and EBITDA has been recorded at Rs 3,212 crore, up by 33 per cent.

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.