Browsing: JV

The Indian Textile Engineering Industry (TEI) is more than 100 years old with an illustrious history of achievements, including manufacture of advanced spinning machinery, power looms, weaving preparatory machines, finishing and dyeing machines, etc. It has also made a mark in the world specially in the field of export of accessories which amount to nearly two-third of last year?s export of about Rs 2,600 crore.

Reliance Industries Limited (RIL) and Shandong Ruyi Science and Technology Group Co Ltd, China (´Ruyi´) (through its wholly owned subsidiary), have executed definitive agreements for a joint venture in textiles.