Corporates

Song Hong Garment Initiates Mega Factory With Investment Of Over VND700 Billion

January 21, 2024

Song Hong Garment Company marked its 35th anniversary with the initiation of the Song Hong-Xuan Truong 2 factory in Nam Dinh Province at the end of November 2023. Representing a significant addition to Vietnam’s textile and apparel sector, the sprawling 9.6-hectare facility encompasses

Industry

GOI Approves Rs 4,445 Crore For 7 Mega Textile Parks To Boost Industry

December 24, 2023

The Government of India has granted approval for the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in greenfield/brownfield sites, allocating a budget of Rs 4,445 crore. The primary objective of this initiative is to fortify the Indian textile industry by facilitating larger-scale operations, minimizing logistics costs through the

Industry

Ethiopian Investment Commission Holds Talks With Indian Business Delegation

November 26, 2023

The Ethiopian Investment Commission recently engaged in a productive discussion with a prominent Indian business delegation spearheaded by the President of the Indian Economic Trade Organization, Dr Asif Iqbal. The 18-member delegation, representing diverse sectors, expressed keen interest in investing across various domains, including manufacturing (pharmaceuticals,

Corporates

Sintex BAPL To Establish Rs 350 Crore Manufacturing Unit In Telangana

October 1, 2023

Sintex BAPL Limited, a wholly-owned subsidiary of Welspun Corp Limited, has inked a Memorandum of Understanding (MoU) with the Telangana government, signaling its intent to invest Rs 350 crore in establishing a cutting-edge manufacturing unit in the state. The groundbreaking ceremony was attended by Telangana Industries Minister K. T. Rama Rao and B K Goenka, […]

Policies

G20 Trade Ministers Forge New Agreements At Jaipur Meeting

August 27, 2023

The G20 Trade and Investment Ministers’ meeting led by Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution, and Textiles, successfully concluded in Jaipur, India. The meeting saw active participation from G20 members, invited countries and international organizations, including the World Trade Organization (WTO),

Corporates

Rieter And Nazar Textile Celebrate New Investment With Gratitude And Optimism

August 20, 2023

The employees of Rieter, led by CEO Thomas Oetterli, along with officials from Erbel Mümessillik company, Haluk Erbel and Erkan Atesler, paid a visit to Nazar Textile. The purpose of their visit was to extend warm congratulations on Nazar Textile’s new investment venture, set to employ 150 individuals. The event was also graced by the […]

Technical Textile & Nonwoven

ANDRITZ To Supply Two High-Speed Hygiene Converting Lines To Predo, Türkiye

April 28, 2023

ANDRITZ has received an order from Predo Health Products Inc, Türkiye, for delivery of two high-speed hygiene converting lines to produce adult open diapers and feminine sanitary napkins. With this investment, Predo is entering the growing adult and femcare market. The company already operates four baby diaper lines from ANDRITZ. Ibrahim Uygur, owner of Predo, […]