The Bengal government is working to revive the Mayurakshi Cotton Mill in Birbhum, with plans to make it self-sustaining. During the first board meeting, strategies for increasing production were discussed, including expanding into inmate uniforms. The proposals will be submitted to Chief Minister Mamata Banerjee for further action.
Manufacturing News
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Madhya Pradesh CM Mohan Yadav’s Tokyo visit focused on attracting Japanese investment. Discussions with Tadashi Yanai explored apparel manufacturing, while talks with East Japan Railway Co. examined tech applications.
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The State Government has received investment intents worth US $ 896 million in the textiles and apparel sector during the Utkarsh Odisha: Make in Odisha Conclave-2025 in the capital city.
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The company will invest US $ 13.41 million (Rs. 1,100 crore) over the next two years to significantly increase its woven fabric production capacity.
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Lehar Footwears Ltd. saw a 112 per cent rise in Q3 net profit to US $ 2,31,060, with an 87 per cent revenue growth. While the domestic market remained flat and exports slightly declined due to global demand, the company introduced trendy single-mold EVA footwear aimed at younger consumers. Recovery is expected post-2024 elections.
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Manufacturing
PDS Limited achieves 66 per cent PAT growth in Q3 FY ’25, acquires major stake in Knit Gallery India
PDS Limited has announced a strategic milestone in its expansion efforts with the acquisition of a 55 per cent stake in Knit Gallery India Pvt Ltd (KGIPL).
