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Hyosung Corp to invest Rs 3,000cr in spandex project in Maharashtra

Related Keywords: 000 crore, Hyosung Corporation, India a key focus market, invest around Rs 3, largest global spandex producer of South Korea, Maharashtra spandex project, textile field, working with several leading Indian players

Hyosung Corporation , the largest global spandex producer of South Korea, which is working with several leading Indian players in the textile field feels that India is a key focus market for the company is likely to invest around Rs 3,000 crore Maharashtra’s spandex project.

The Spandex manufacturing facility to be set up in Aurangabad Industrial city (AURIC), a greenfield smart industrial city being developed across 10,000 acres, as part of the Delhi-Mumbai Industrial Corridor (DMIC), the official said.

Australia to facilitate Pakistan by changing its tariff regime on the import of Pak textiles to 5pc

Related Keywords: Australian government, Australian High Commissioner, bilateral relations, business opportunities, change tariff regime, import of Pakistani textile, Pakistan, Pakistan Australia Business Forum, Pakistani business community, Peter Heyward, textile field

Australian High Commissioner to Pakistan Mr. Peter Heyward at the Pakistan Australia Business Forum (PABF) said that the government of Australia intends to facilitate Pakistan by changing its tariff regime by greatly cutting tariffs on the import of Pakistani textiles beginning next year. The maximum tariff to be imposed would be five percent.

This step would also help Pakistan in balancing its trade which is still in favour of Australia

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