MARKET & ECONOMY​

Reliance Industries Ltd (RIL) said that it has bid jointly with JM Financial Asset Reconstruction Company to acquire the -ridden textile manufacturer Alok Industries. In a clarification to stock exchanges, RIL said it is awaiting the outcome of the process.

A digital platform for exporters in the micro, small and medium enterprises (MSME) industry has been launched by Indian Commerce and Industry Minister Suresh Prabhu. The interesting idea for such a platform was given by the Federation of Indian Export Organisations (FIEO). FIEO GlobalLinker will help MSMEs to digitise their businesses.

Farm to Fashion, Indian Textile Global Summit is an initiative to provide a platform for the entire textile industry. Farm to Fashion is a three-day event scheduled on May 4-6, 2018. Leading textile manufacturers, traders, distributors and suppliers will be taking part in the exhibition.

Being the biggest textile machinery exhibition in Turkey, the Middle East and the Near East, ITM 2018 opened its doors for participants and visitors from all over the world with a record-breaking participation.

Teijin Limited has jointly developed the world’s first fan-cooled jacket incorporating a two-layer pressure-controlled cooling structure together with Makita Corporation, a leading Japanese manufacturer of electric power tools.