June 22, 2026
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Industry

Red Sea Attacks Surge Indian Textile Freight Rates By 40%

The textile export sector in India is facing a severe crisis as a result of recent attacks by Hamas-supporting Houthi rebels on merchant ships in the Arabian Sea. This has led to a 40% surge in freight rates, with further increases anticipated. Bhadresh Dodhia, Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), […]
Corporates

Fineotex Secures 7-Acre Factory Land In Ambernath

Fineotex Chemical Limited announced a major corporate achievement as it steps into the year 2024 with a robust commitment to growth. The company has successful acquired a sprawling 7-acre factory land in Ambernath, marking a significant milestone in its strategic expansion plans. Having completed all legal formalities and secured possession of the newly acquired land, […]
Corporates

Gokaldas Exports Expands Overseas Through Subsidiaries

Gokaldas Exports FZCO, Dubai, has successfully acquired 100% of the shares of Amibros S.A. from Solaris – II Investments Group Limited, inclusive of Atraco Industrial Enterprise, the branch of Amibros S.A. The company has also acquired 100% of the shares of Atraco Logistics Co LLC, including its branch. Nava Apparels L.L.C-FZ, Dubai, has effectively acquired […]

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