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CITI tells govt to be cautious with RCEP talks
The Confederation of Indian Textile Industry (CITI) has cautioned the government to tread carefully while negotiating for the proposed Regional Comprehensive Economic Partnership (RCEP) trade agreement and not to cede space to China in the global textiles and clothing (T&C) sector.
Alpha Capital invests in women’s brand
Mumbai-based private investment firm Alpha Capital has invested Rs 80 crore in women’s ethnic and casual wear label Shree, whose owner SHR Lifestyles will spend the money to expand its reach in existing markets and penetrate new regions, especially in south India.
Industry 4.0: From bale to box
ACG Kinna Automatic, based in Skene in Sweden, provided dramatic live demonstrations of its new robotic pillow filling system at Heimtextil last month, which has the ability to fill and finish some 3,840 pillows per eight-hour shift.
Need to create more demand for cotton
Arvind Envisol, the wastewater treatment arm of Rs 6,900 crore textile firm Arvind Ltd, is looking for collaborations across India, Africa, Bangladesh and China for driving growth and is in the final stages of signing a joint venture agreement with a Chinese textile company.
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