German textile machinery manufacturer of automatic straightening machines and process control systems, Mahlo has launched the new Orthopac RXVMC straightening concept at ITMA 2023 in Hall 18, Stall C108. According to Mahlo, the system can remove distortions in textile fabric webs even faster
BMSvision is exhibiting at ITMA 2023 with a focus on Industry 4.0 and smart textile manufacturing solutions in Hall 10, Stall B210. The Belgium based company will introduce the TEXconnect, a cloud-based platform offering a wide range of MES features for the entire textile manufacturing chain. Using the same reliable and proven BMSvision data collection […]
In the fiscal year 2022-23, India’s economy is expected to grow at 7 per cent while retail inflation would moderate despite global headwinds, said the Finance Ministry on Monday. It would be in line with wholesale inflation which fell to a 25-month low in January. India’s current account deficit is estimated to fall in FY23 […]
South Korea’s economy grow in the first three months of this year, avoiding the country’s first technical recession since 2020. GDP increased 0.3% from the previous quarter in the January-March period, following a 0.4% contraction in the fourth quarter of last year. The average expectation from 16 economists polled by Reuters was for 0.2% quarterly […]
India improves in the logistics ranking of the World Bank by jumping 6 places to Rank 38 out of 139 countries in the 7th edition of Logistics Performance Index (LPI 2023). India has been taking numerous initiatives since 2015 under the visionary leadership of the Prime Minister Narendra Modi to improve its logistics efficiency. The […]
Pakistan’s economic growth is expected to slow significantly in FY2023 (ends 30 June 2023) in the wake of last year’s devastating floods, ballooning inflation, a current account deficit, and an ongoing foreign exchange crisis, the Asian Development Bank (ADB) said in a report today. According to the Asian Development Outlook (ADO) April 2023, ADB’s flagship […]
David Malpass, Group President of World Bank announced that, the lender has raised its global growth forecast for 2023 to 2 percent from 1.7 percent in January due to China’s rebound. According to Reuters, Malpass attributed the upward revision to an improved outlook after China adjusted its COVID-19 pandemic response, with growth in the country […]
The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power Co Ltd (Tata Power), entered into an agreement to subscribe to non-convertible debentures for 1.5 billion Indian Rupees (equivalent to $18.2 million) to enhance Delhi’s power distribution through grid enhancements, and a $2 million grant to partially […]