MARKET & ECONOMY​

The transition to GST will disrupt the working capital cycle of businesses in the initial phase and thus easy

liquidity in the system is essential for two to four months, says India Ratings and Research (Ind-Ra).

Germany-based Hakro GmbH has signed a partnership agreement with the Cotton made in Africa (CmiA) to buy its certified cotton. Having recently launched a collection in organic cotton, the medium-sized enterprise has pledged commitment to CmiA.

OS Manian, Tamil Nadu Handlooms and Textile Minister, said that the Tamil Nadu Handloom Weavers’ Co-operative Society Ltd, popularly known as Co-optex, has recorded total sales of Rs 315 crore in 2016-17.

A delegation from the knitwear hub of Tirupur has visited Odisha to assess investment opportunities in setting up garment manufacturing units in the State. The delegation also held discussion with the Odisha Government officials on the possibility of making investments in a new textile park near Bhubaneswar.

About 80 European brands from the fashion and accessory, food and beverages , perfumes , interior design, etc will come under the banner of Eurosphere to Vietnam on June 16 & 17 in anticipation of EU- VIETNAM FTA becoming active in early 2018.

Research effort on silk membranes as eardrum implants by Australian Scientists is closer to reality. According to the researchers, silk membranes are thin and vibrate like natural eardrum.