DBL Group has decided to invest an amount of $650 million to set up 10 manufacturing units for ceramics, textiles, and sanitary ware in the Sreehatta Economic Zone in Moulvibazar.

The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.

DBL Group has decided to invest an amount of $650 million to set up 10 manufacturing units for ceramics, textiles, and sanitary ware in the Sreehatta Economic Zone in Moulvibazar.

According to the sources, The Department of Science and Technology-Philippine Textile Research Institute (DOST-PTRI) has signed a MoU with TVEI on bamboo extraction for textile application.

According to the financials presented by Danfoss in the first half of 2021, the sales of the company have grown by 18% and have reached EUR 3.3 billion.

In commemoration of 75 years of Independence, ‘Azadi ka Amrit Mahotsav’, the Indian Railways has brought handloom products within the reach of passengers by opening stalls at various railway stations.

As the centre has announced new rates under the Rebate on Duties and Taxes on Export Products (RoDTEP), the textile exporters are expecting that the order volumes will experience a boost.