MARKET & ECONOMY​

Lux Industries is planning to enter the woman’s lingerie category to drive better margins in the hosiery segment. The company will be extending its woman’s legging brand Lyra into lingerie and pitting itself against domestic players like Lovable in the mid-market segment.

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) is all set to develop first-of-its-kind mega textile park on 70 lakh sq m of land owned by the state government at Pinjrat in Olpad taluka of Surat district, Gujarat with an initial investment of Rs 1,500 crore.

Textile and apparel maker Raymond is repositioning its menswear brands even as it enhances product portfolios. Apart from ceremonial and ethnic wear, a range of accessories and footwear offerings will be added across the four brands?Raymond brand of ready-to-wear apparels, Park Avenue, ColorPlus and Parx?over a period of time.

Mutoh Belgium, a subsidiary of Mutoh Holdings Co. Ltd., Tokyo, Japan, involved in the sale of Mutoh hardware like professional sign cutting plotters and large-format full-colour piezo printers for commercial inkjet printing, sign & display, and direct-to-garment applications, has launched the ValueJet 1604WX (VJ-1604WX) wide format dye sublimation printer.

Punjab Agricultural University (PAU) has developed two varieties of BT cotton whose plant’s seed can be used in the next season and has become the first agriculture institute to develop reusable seeds.