MARKET & ECONOMY​

Cambodia has agreed to raise to $153 from next year the minimum monthly wage of workers in its crucial textiles and footwear industry, which generates $6 billion annually for the economy.

Ahmedabad-based Nandan Denim Limited (NDL), which is aiming to become Asia?s largest denim fabric manufacturer, is planning to raise Rs 100 crore from foreign investors to finance its expansion plans.

Handlooms sector in Khurda district of Odisha, which was facing a crisis due to weak demand for cotton lungis and towels for the last few years, has received a new lease of life with the production of linen and mercerised cotton fabrics.