Active Clothing Signs MOU to Buy 600 Computerized Knitting Machines from Ningbo Cixing
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Active Clothing has signed a memorandum of understanding with China-based Ningbo Cixing to purchase 600 computerized flat knitting machines, according to a Thursday filing on the BSE. The move aims to introduce automation and precision in sweater manufacturing in India, with a focus on zero-waste production and long-term technological collaboration, the filing said. Shares of the company were down 1.7% in recent trading.
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