Just a few days ago, the second newly-delivered Oerlikon Nonwoven meltblown system was commissioned at Innovatec’s state-of-the-art machine park.
Month: December 2020
Seersucker clothing is a hit every summer season. The fabrics look cool and can be worn without breaking into a sweat.
Denim homegrown label Freakins, known for its stylish denim wear, launched its new capsule collection in collaboration with fashionista Pryanca Talukdar. The collection celebrates bold women, who want to experiment with their style irrespective of their age, size and skin.
The Indian government has extended the anti-dumping duty (ADD) till December 31, 2020, on imports of fully oriented yarn or fully drawn, flat yarn of polyester (FDY) or spin drawn yarn, from Thailand and China, as per notification issued by the Central Board of Indirect Taxes and Customs (CBIC).
Raymond announced its unaudited financial results for the quarter ended September 30, 2020. Progressive recovery witnessed on a month-on-month basis in 2QFY21.
Oerlikon order intake declined by 17.3 per cent year-over-year to CHF 518 million and Group sales decreased by 6.4 per cent to CHF 593 million, partly due to adverse currency movements.
On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.