The rising absenteeism rate as employees take time off for health reasons is a big worry for many clothing firms in the National Capital Region.
Manufacturing News
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The Union Textiles Minister Giriraj Singh visited various factories like Mahajan Overseas, H R Overseas, Excellent Fabtex, Shree Jee International, ASM Home furnishing and held discussions with the management.
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Bangladesh's small and medium-sized businesses (SMEs) are reportedly experiencing a severe wave of financial difficulties brought on by rising prices, political unpredictability, and rising bank loan interest rates.
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Manufacturing
Giriraj Singh takes part in review meeting with textile, handloom and handicraft sector stakeholders in Chennai
During the meeting, Singh reviewed the benefits being extended to the industry through various Central Government schemes for modernisation of handlooms, the Raw Material Yarn Subsidy scheme and PM Mudra loan and more.
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Tamil Nadu Chief Minister M.K. Stalin laid the foundation stone for a new Dean Shoes manufacturing unit at the SIPCOT industrial park in Jayankondam. The Taiwanese company's US $ 118 million investment is expected to create 15,000 jobs, mostly for women.
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A.T.E. and UNITEX are collaborating to leverage their unique strengths within the textile sector with the common goal of multiplying the population of circular knitting machines in India.
