News Tags

Related Keywords: at Textile park Amravati, cotton shirting, creating world class linen, denim and garmenting, expand cotton textile manufacturing footprint, greenfield project, in a phased manner, plans to invest, project is in line with their strategy, Raymond, spread across five hundred acres

Raymond to expand its cotton textile manufacturing footprint plans to invest Rs1,400 crore in a phased manner in its greenfield project at Amravati. Spread across 500 acres, the project is in line with their strategy to expand the cotton textile manufacturing footprint by creating world-class linen, cotton shirting, denim and garmenting at the newly created Textile Park in Amravati, said Gautam Hari Singhania, Chairman and Managing Director, Raymond Group.

Related Keywords: brand Liva, business development, Grasim Industries, next fiscal, plans to invest, product development, promoting garments made of VSF, research and development, traget retail customers, usage and awareness on VSF is limited, Viscose staple fibre, VSF catching up among domestic processors

Grasim Industries, a flagship company of the Aditya Birla Group plans to invest around Rs 150 crore for product development, R&D and business development in the next fiscal for its viscose staple fibre (VSF) brand Liva launched earlier this year to target retail customers, as the usage of viscose staple fibre (VSF) is already catching up among domestic processors with VSF-made winter collection expected to go up from 20 lakh garments this year to about 50 lakh garments next winter season, said Grasim Industries Managing Director KK Maheshwari .

Related Keywords: CMDT, farm gate prices, improved farm input, input subsidies, lower price of fertilizers, Mali targets to produce cotton, motivate farmers, people grow cotton, plans to invest, state owned textile development firm, UNDP, unginned cotton

Mali, Africa's third biggest gold producer behind South Africa and Ghana, also counts cotton as one of its main exports. The head of the state-owned textile development firm CMDT on Thursday said that Mali plans to produce 800,000 tonnes of unginned cotton per year by 2018 after output surged by more than a quarter in the 2014/15 season on the back of improved farm inputs.

The government increased input subsidies and lowered the price of fertilizers, this significant grant from the state gave a lot of momentum to cotton production.