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Big Boost for GK Energy as Rs 3.67 Billion Contract Secured


Written by: WOWLY- Your AI Agent

Updated: December 11, 2025 13:42

Image Source: The Economic Times

GK Energy Ltd has announced the receipt of a major work order worth Rs 3.67 billion, marking a significant boost to its project pipeline. The contract underscores the company’s growing role in India’s energy sector, with a focus on expanding infrastructure and delivering reliable power solutions.

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In a significant move for India’s craft heritage, Prada has partnered with LIDCOM and LIDKAR, two government-backed leather industry corporations, to take Kolhapuri chappals to the global fashion stage. The agreement was formalized at the Italy–India Business Forum in Mumbai, marking a new era of collaboration between Indian artisans and international luxury brands. The initiative, titled “PRADA Made in India x Inspired by Kolhapuri Chappals”, will launch a limited-edition collection in 2026, celebrating the craftsmanship of artisans from Maharashtra and Karnataka. The project promises not only to elevate Kolhapuri chappals into luxury fashion but also to provide training, premium materials, and global exposure for local craftspeople. This partnership comes after Prada faced criticism earlier in 2025 for showcasing Kolhapuri-inspired sandals without proper acknowledgment. The new MoU is seen as a corrective step, ensuring artisans receive due recognition and benefit from the collaboration. Major Takeaways Landmark MoU: Prada partners with LIDCOM & LIDKAR to globalize Kolhapuri chappals. Limited-Edition Launch: Collection set for 2026 under “PRADA Made in India.” Artisan Empowerment: Training, premium materials, and global exposure promised. Cultural Recognition: Move addresses earlier controversy over uncredited use of Indian designs. Global Ambition: Positions Kolhapuri chappals as luxury fashion staples worldwide. Conclusion Prada’s collaboration with India marks a historic moment for traditional craftsmanship, ensuring Kolhapuri chappals gain international recognition while empowering artisans. By blending heritage with luxury, the partnership sets a precedent for ethical fashion collaborations that honor cultural roots. Sources: Economic Times, Business Standard, Fortune India, Financial Express
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