Elgi Equipments, one of the world’s leading air-compressor manufacturers, with two million installations across 100 countries, exhibited key innovations in compressed air solutions for varied requirements at ComVac, Hannover Messe from the April 1-5, 2019.

Karl Mayer, Rabatex Industries and A.T.E. have signed a contract for setting up a joint venture. The legally independent company is called Karl Mayer Textile Machinery India Private Limited, has its registered office in Mumbai and production facility in Ahmedabad.

Rising cotton prices are set to hit profit margins of textile and apparel players due to their inability to pass on the high production cost on to consumers as seasonal demand is weak.