Gujarat Apollo Industries, which operates Ammann’s India unit, is selling its 30 per cent stake in the joint venture for $26.57 million.
Arvind launched anti-viral textile technology ‘Virolock’ under its brand Intellifabrix.
The acquisition will bolster the use of technology to improve operational efficiencies and quality in daily supply chain activities.
Famed for the Alps and its banking system, the country offers its investors world class innovative solutions, from banking to manufacturing. Low capital costs, a stable currency, strong purchasing power, moderate taxation and a federal state system have earned Switzerland the title of a safe investment haven across the world. Known for its politically neutral position in the world, Switzerland is located in the heart of Europe, giving its investors access to the world’s largest consumer market. Related stories: The [...]
Adeeb Ahamed is the Managing Director of LuLu Financial Group, Tablez and Twenty14 Holdings. In this interview with ‘India Global Business’, he talks through his entrepreneurial vision, worldwide expansion plans and the impact of his Indian ethos on his decision-making. Twenty14 Holdings recently announced a major hospitality tie-up in Switzerland. Please give some details and other worldwide plans of the group. We have entered into a forward purchase contract with Swiss real estate developer Necron AG to develop a brand-new [...]
Indian business group LuLu, headquartered in Abu Dhabi, recently made its European entry with a hospitality deal in Zurich. The LuLu Group has announced its entry into mainland Europe with a new agreement with a Switzerland-based real estate company to develop a new four-star hotel in the Swiss city of Zurich. Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi based LuLu Group International, said that it has entered into a forward purchase contract with Necron AG for the upcoming IntercityHotel Zurich Airport [...]
A country-specific export strategy could turn the tide in India’s favour in the sector, explains an industry expert.
The world apparel trade stood at $445 billion in 2015 down by 8 per cent from previous year. India’s apparel exports grew by 3 per cent in 2015 whereas that of Bangladesh and Vietnam grew by 8 per cent and 16 per cent respectively in the same year. After the phasing out of quotas in 2005, Bangladesh and Vietnam grabbed the opportunity and their apparel exports increased rapidly. Bangladesh surpassed India in apparel exports in 2008 and Vietnam in 2012 as can be seen from the chart below and their apparel exports have been consistently growing and have been higher than India’s exports throughout.