August 16, 2026
Corporates

Ferraro Acquires Cibitex’s Finishing Business Unit To Strengthen Textile Solutions

Ferraro S.p.A. has acquired the Finishing business unit of Cibitex S.r.l., marking a strategic move to strengthen its position in the global textile machinery industry. The acquisition, completed on July 2, 2026, brings Cibitex’s expertise in textile finishing technologies into Ferraro’s portfolio. The deal enhances Ferraro’s range of textile finishing solutions by
Textile Park

Two PM MITRA Parks Get PPPAC Approval

The Public Private Partnership Appraisal Committee (PPPAC) has approved the bid documents for two PM Mega Integrated Textile Region and Apparel (PM MITRA) parks in Lucknow, Uttar Pradesh, and Vansi in Gujarat’s Navsari district, paving the way for the bidding process under the Centre’s flagship textile initiative. The two greenfield integrated textile parks