MARKET & ECONOMY​

The Union Cabinet Chaired by the Prime Minister approved certain reforms to boost employment generation and exports in the made-ups sector that has been facing challenges in the international market due to high costs of production, non-refund of State levies, high tariff barrier when compared to the competing nations such as Pakistan, Vietnam, etc.

Teijin Limited announced that it would integrate its industrial-application polyester fibres business and the Products Converting Business Group to form the new Fibres & Products Converting Business Group next April 1, aiming to strengthen and expand these businesses under a new structure.

In August this year, the Indian company Jubilee successfully put an iNTERSPARE Krantz Syncro shrink-dryer into operation. The company hopes its new acquisition will boost its growth thanks to the outstanding quality produced by the Syncro in woven and knitted products.

Monforts production facility in Austria, Montex Maschinenfabrik Ges.m.b.H, has started production of the recently introduced complete range of coating units, with the first coating lines being shipped for delivery to Colombia, Mexico and Italy.

CREALET, which participated at the tenth edition of ITME, is the world’s leading manufacturer of electronically controlled warp feed systems, and in India was represented at the booth of Rajiv Dalal.