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Related Keywords: 000 spindles, Alif Industries, as part of efforts, capacity of running 50, company will raise capital, expand its business in the garment sector, knit-based factory, main focus is to develop backward linkage industry, plans to invest Tk 400 crore, produce yarn, readymade garment sector, reduce import dependency, set up a spinning mill

Alif Industries a knit-based factory to produce yarn as part of efforts to reduce import dependency plans to invest Tk 400 crore to expand its business in the garment sector. The main focus is to develop backward linkage industry in the readymade garment sector.

The company will raise the capital to set up a spinning mill with the capacity of running 50,000 spindles and another green plant consisting of 25 production lines to manufacture woven denim.

Related Keywords: big players to share social responsibilities, Delegation of big textile industrialist, high intensity operating machinery in powerloom, met CM Devendra Fadnavis, power susidy to small and medium powerloom and handloom, produce yarn, promote textile industry, sought susidies in power tariff, units that operate on high intensity big machinery

A delegation of big textile industrialists met Chief Minister Devendra Fadnavis on Wednesday, sought subsidies in power tariff on high-intensity operating machinery in their powerlooms. In the state, the government has given power subsidy to small and medium powerloom operations and handloom sectors, those units which operate on high intensity big machinery to produce yarn have to pay commercial rates between Rs 8.50 to Rs 9 per unit.

Fadnavis said that the big players would have to share social responsibilities and not weigh the textile sector in terms of profit and loss.

Related Keywords: CEO Kannan, empower farmers, group of buinessmen from Ahmedabad, largely cotton growing, made by Kannan's Microspine machine, Mahek Producers Company, North Gujarat and Saurashtra regions, produce yarn, set up plants with miniature spinning machines, to operating spinning machines, training to farmers, Volun Teach

Volun-Teach (voluntary teaching) is the group of businessmen from Ahmedabad who are working to empower farmers and their families at their doorstep to produce yarn from their own cotton by helping to set up plants with miniature spinning machines made by Kannan's Microspin Machine Works in the largely cotton-growing North Gujarat and Saurashtra regions.

Related Keywords: dye cotton, HongKong investors, Huafu, Industrial park, Japan, Nam Phuong Textile Company, produce yarn, Singapore and Taiwan, textile project, TPP, Vietnam textile and dyeing projects, Vietnamese Ministry of Planning and Investment

Hong Kong investors have increased their investments in textile and dyeing projects in Vietnam in anticipation of cashing in on new opportunities when Vietnam joins the Trans-Pacific Partnership (TPP) and has move up to second position among biggest investors in Viettnam in 2014.