KPRMILL.NSE News
Odisha CM unveils 36 industrial projects worth Rs 40,000 cr; to generate over 59,000 jobs
In a major boost to Odisha’s industrial growth, Chief Minister Mohan Charan Majhi on Wednesday inaugurated and laid the foundation stones for 36 projects involving a total investment of over Rs 40,800 crore. The projects are expected to create employment opportunities for more than 59,000 people across the state. Spread across multiple districts, the projects cover a wide spectrum of sectors including green energy equipment, metals and downstream industries, textiles and apparel, plastics, tourism, agro and food processing, defence manufacturing, IT and IT-enabled services, automobiles, cement and capital goods. Major Push Across Key Sectors Several leading companies have committed investments in these projects, reflecting strong industry confidence in Odisha’s industrial ecosystem. Notable participants include Ampin Solar, Calderys India Refractories, Page Industries, Adani Enterprises, KPR Mill, Jupiter Tatravagonka Railwheel Factory, ATC Tyres (Yokohama), Ambuja Concrete, Trimetro Garments and Danieli Corus.
cityfalcon.com
Odisha CM unveils 36 industrial projects worth Rs 40,000 cr; to generate over 59,000 jobs
In a major boost to Odisha’s industrial growth, Chief Minister Mohan Charan Majhi on Wednesday inaugurated and laid the foundation stones for 36 projects involving a total investment of over Rs 40,800 crore. The projects are expected to create employment opportunities for more than 59,000 people across the state. Spread across multiple districts, the projects cover a wide spectrum of sectors including green energy equipment, metals and downstream industries, textiles and apparel, plastics, tourism, agro and food processing, defence manufacturing, IT and IT-enabled services, automobiles, cement and capital goods. Major Push Across Key Sectors Several leading companies have committed investments in these projects, reflecting strong industry confidence in Odisha’s industrial ecosystem. Notable participants include Ampin Solar, Calderys India Refractories, Page Industries, Adani Enterprises, KPR Mill, Jupiter Tatravagonka Railwheel Factory, ATC Tyres (Yokohama), Ambuja Concrete, Trimetro Garments and Danieli Corus.
cityfalcon.com
Indian textile shares dropped significantly on Tuesday. This followed Bangladesh signing a trade deal with the U.S. The agreement grants Bangladesh reduced tariffs and exemptions on certain textile and garment exports. This development is expected to increase competition for Indian manufacturers. Several Indian textile companies saw their stock prices fall.
cityfalcon.com
Textile stocks are poised for a boost as India and the US finalize an interim trade deal, reducing tariffs on textile exports to 18%. This agreement alleviates a significant overhang for the sector, which heavily relies on the US market for revenue. The deal is expected to attract foreign investors and potentially trigger a market turnaround.
cityfalcon.com
Following a US-India trade deal, textile stocks gained traction with Gokaldas Exports, Indocount Industries, and Faze Three each rising 20%. Lower tariffs improve India's competitive edge, supporting the textile industry's growth and reducing reliance on other countries.
cityfalcon.com
Analyst cautions that the sector needs stronger confirmations before a sustainable uptrend emerges.
Brendan Lynch, chief negotiator from the US Trade Representative’s office, will hold discussions with Indian officials on Tuesday.
The analyst identified Gokaldas Exports, Pearl Global, and Kitex Garments as three stocks significantly impacted by the tariffs.
Key sectors, including textiles, gems, and leather, may face pressure, while defensive sectors such as pharmaceuticals and IT may remain relatively unaffected.