September 14, 2024
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Economy

BGL Appoints Seth Rosenfield As Managing Director

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, has announced the appointment of Seth Rosenfield as Managing Director. Rosenfield, with over 25 years of experience in information services, business media and marketing technology & services investment banking, will co-lead BGL’s new Technology & Information
Economy

Burkina Faso Explores Cotton In Tirupur

A delegation of 14 entrepreneurs from Burkina Faso visited the Tiruppur Exporters’ Association (TEA), facilitated by Gherzi Consulting, New Delhi, to seek guidance on converting their locally grown cotton into garments and adding value to their textile industry. The delegation was received by the Association’s President, K.M. Subramanian, General Secretary N.
Economy

India’s Textile Sector Gets 28% Budget Hike

India’s textile sector is poised for growth with a 28% increase in the Budget allocation for 2024-25, said Northern India Textiles Mills Association (NITMA) President Sanjay Garg. This significant boost in funding is expected to drive innovation, enhance productivity, and create new opportunities for the textile industry. The increased investment underscores the
Economy

Indorama Ventures Joins Consortium For Sustainable Polyester Fibre

Indorama Ventures Public Company Ltd, a global sustainable chemical company, has joined a consortium of seven companies across five countries to establish a supply chain for more sustainable polyester fibre. Renewable and bio-based materials, along with materials produced via carbon capture and utilization (CCU para-xylene), will replace fossil materials in manufacturing
Economy

India Rises To Fourth In 2024 Asia Manufacturing Index

India has secured the fourth spot in the recently released Emerging Asia Manufacturing Index (EAMI) 2024 by Dezan Shira & Associates. This comprehensive report evaluates the manufacturing capabilities of eight key Asian economies: China, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam and Bangladesh. The index provides critical insights into the factors
Economy

Bangladesh: An Ideal Investment Destination for Chinese Investors

Bangladesh has been reaffirmed as a prime investment destination, being the world’s second-largest garment exporter, said Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza). He made these remarks during a visit from a 13-member Chinese delegation from the Quanzhou Maritime Silk Road Industry and