MARKET & ECONOMY​

Raymond Limited, textile and apparel major, is planning to invest Rs 350 crore in capacity and retail expansion this year. This will help ramp up its apparel sale and grow the fabric business over the next few years, a senior company executive said.

Resil Chemicals, one of Asia’s leading textile finishing chemicals and the auxiliary manufacturers, has joined forces with Acticell GmbH, an Austrian Chemical research company, to develop environmentally-friendly sustainable textiles.

Dr N N Mahapatra, President of Ahmedabad-based Colorant Ltd, has been awarded the Life Time Achievement Award at the 30th National Convention of Textile Engineers and National Seminar

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).