Kerala’s coir sector in tatters

Almost all big players have shifted or plan to move their base to Tamil Nadu, but small-scale units and cooperative societies that have no other choice are finding the going tough Vasudevan K., 65, was born into a family of coir workers at Aryad, near Alappuzha. His first tryst with the golden fibre at a … Read more

Finally Raymond promises to professionalise the management

Whether you call it self realisation or market compulsions, Gautam Singhania (Chairman) announces what market wanted to hear – Raymond group will be reorganised in five core focus areas – textile, fmcg, real estate, education and engineering. All businesses will be managed by boards that will be made completely professional in the next 12 months. … Read more

Govt  OKs  ₹10,683  crore PLI plan for textiles

The government on Wednesday approved production-linked incentives for the textile industry, which it said could garner ₹19,000 crore in private sector investments and create at least 750,000 new jobs. The move aims to make Indian textiles more competitive in international markets after ceding ground to countries such as Bangladesh and Vietnam. The government will offer … Read more

Jeh Wadia exits all listed group companies

There is something cooking at the Wadia group. After stepping down as MD from the family controlled Go Airlines (rebranded as Go First) and Bombay Dyeing in March 2021, Jehangir Wadia (48, younger son of Nusli Wadia) has now stepped down from the boards of Britannia Industries and Bombay Burmah Trading Corporation (BBTC). There is … Read more