Technocraft Industries | Technocraft Industries has discontinued manufacturing operations at its Fabric Division in Murbad, Maharashtra, effective July 20, citing adverse market conditions and prolonged losses.
Its garment business will continue through subsidiary Technocraft Fashions, while the Yarn Division remains unaffected.
Also, the company's subsidiary, Technosoft Engineering Projects, has acquired a 100% stake in newly incorporated Technosoft Integrated Solutions K.K.
in Tokyo, Japan, for 50,000 Japanese yen (around ₹30,000) to expand its overseas presence.
Technocraft Industries | Technocraft Industries has discontinued manufacturing operations at its Fabric Division in Murbad, Maharashtra, effective July 20, citing adverse market conditions and prolonged losses. Its garment business will continue through subsidiary Technocraft Fashions, while the Yarn Division remains unaffected. Also, the company's subsidiary, Technosoft Engineering Projects, has acquired a 100% stake in newly incorporated Technosoft Integrated Solutions K.K. in Tokyo, Japan, for 50,000 Japanese yen (around ₹30,000) to expand its overseas presence.
