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Andhra gets $2.9 billion FDI
Andhra Pradesh is among the top foreign direct investment (FDI) destinations in India, with an inflow of $2.9 billion of foreign investment in 2018.
Dedicated financing key to rooftop solar: Deloitte
The Micro, Small, and Medium Enterprises (MSME) sector is expected to contribute significantly to achieving the government’s target of building 40 gigawatt (GW) of the rooftop solar capacity by 2022.
Drop in order intake for Italian machinery industry
The order intake index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for April-June 2018 period fell by 15 per cent compared to the same period for 2017
7.6% GDP predicted
India's economy is projected to grow 7.6 per cent in fiscal year 2018-19, remaining the fastest growing economy in the world, as robust private consumption and benefits from past reforms help the country's GDP gain momentum, according to a UN report
ColorJet printer with Japanese Technology
The digital printer is apt for printing with pigment inks, and can print practically on any type of fabric including polyester, cotton, silk, viscose, rayon or wool.
US withdrawal from TPP still hurting Vietnam
A number of yarn, weaving and dyeing projects in Vietnam have restarted after a period of postponement due to the US withdrawal from the Trans-Pacific Partnership (TPP). However, the textile & garment industry still faces difficulties.
Invista to sell apparel, advanced textile biz
Invista has entered into a definitive agreement with China-based Shandong Ruyi Investment Holding to sell its apparel and advanced textiles business, one of Invista’s four major business units. Invista, which has operations in Delaware is part of Wichita, KS-based Koch Industries. Financials were not disclosed.