MARKET & ECONOMY​

Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.

More than 200 CXOs representing 22 leading corporate vowed to contribute towards India’s GDP target from 17.1 per cent to 25 per cent at the India’s largest automation fair RAOTM 2018 held in Gurugram.

Dow Packaging and Specialty Plastics (P&SP), has opened its Pack Studio at Mumbai innovation center. Marking the company’s eighth Pack Studios location—and the third in Asia Pacific—Dow P&SP’s global network of studios brings together technical experts,etc.

P Nataraj, Chairman of the Southern India Mills’ Association (SIMA) has welcomed the increased allocation of Rs 7,148 crore that includes Rs 2,300 crore for Amended Technology Upgradation Fund (TUF) scheme and the balance for other schemes as against Rs 6,251 crore allocated during last year.

The Synthetic & Rayon Textile Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, has conferred Reliance Industries (RIL) with a series of awards for its exceptional performance in exports of fibres and yarns. RIL’s president, polyester chain, has also been recognised for his contribution in the textiles industry.

HeiQ, a leader in textile innovation making effective, durable, and high-performance textile effects in the market, is displaying its HeiQ Fresh FFL (Fresh For Long), a 100 per cent bio-based odour control technology for the sportswear and intimate segment,etc.