To boost job creation and exports, the new government at the Centre should resolve issues related to Technology Upgradation Fund Scheme (TUFS), Southern India Mills’ Association (SIMA) has said. The association has also appealed for release of ₹9,000 crore pending TUFS subsidies on a fast track. The...
A strategy paper by the Indian commerce ministry has outlined steps like pushing exports, launching export incentive schemes, cutting import dependence and attracting foreign firms that are looking at shifting manufacturing bases from China to reduce trade imbalance. The paper was submitted recently to commerce and industry...
Bata India, the leading footwear retailer, reported ₹6,794 million in net sales for Q4 2019, closing 7.4 per cent over corresponding quarter riding on growth from retail channel. This was weakened by a below expectation performance by e-commerce channel due to changed legislation for the industry and...
India’s chemical industry is poised for strong growth in the future, says a report by Crisil Research. Going forward, with India’s GDP projected to grow at 7.5 per cent in the medium term, demand for specialty chemicals from various end-use industries – textiles, automobiles, construction and consumer...
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The 46th India International Knit Fair was recently organised in Tamil Nadu’s Tiruppur by the Apparel Export Promotion Council (AEPC) and India Knit Fair Association (IKFA) in the backdrop of the ongoing US-China trade war, according to IKFA chairman A Sakthivel. Exhibitors from...
A.T.E. and Luscher have joined hands for the sales and marketing of UV laser direct exposing units for rotary screens in India. Luscher is a manufacturer of state-of-the-art imaging systems for various printing technologies, and caters to the graphic arts and textile industries. A.T.E. is provides new...