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Though India is the largest cotton producing country and net exporter of cotton in the world, the domestic cotton textile industry could not derive competitive advantage due to the steep increase in cotton transportation cost.
The Maharashtra State Road Development Corp (MSRDC), the nodal agency for the project, opened the financial bids submitted by qualified contractors to construct 13 out of 16 packages of the 700-km long NMSCE.
The two institutions signed a Statement of Intent (SoI) to work together in preparing key sectors of the economy for digitalisation, artificial intelligence (AI) robotics, and industrial automation, an ABB India statement said.