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SIMA requests withdrawal of import duty on cotton
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
Indo Count plans Rs 2,000 mn capex to increase bed linen capacity
Indo Count Industries Ltd (ICIL), one of India’s largest home textile manufacturers, has recorded 600% increase in PAT in Q4 FY21 to Rs 580 million from Rs 80 million in Q4 FY20. PAT was up 241% in 2020-21 to Rs 2490 million from Rs 730 million in 2019-20.
Techtextil India’s hybrid edition postponed to Nov’21
The event originally scheduled for September 2021, has been postponed to 25 – 27 November 2021. Due to the COVID-19 situation and its impact on safety, Messe Frankfurt India decided to reschedule Techtextil India.
Karl Mayer offers warp knitting with seersucker effect
Karl Mayer makes it possible to produce seersucker-effect fabrics on warp knitting machines. Melanie Bergmann, Textile Technology Product Developer at Karl Mayer is responsible for the breakthrough
Focus on value-addition for value creation
Most of the textile companies have been under severe stress ever since the Covid pandemic struck Indian and the global economy causing economic slowdown.
Work from home aids recovery of home textiles market
Higher in-home consumption due to increased stay-at-home period and a sharper focus on health and hygiene amid the pandemic are helping Indian home textile exporters weave their way out of the downturn faster than other textiles segments.
Home textile players upbeat in difficult market
Home textiles have been a major part of global textile trade and it comes as no surprise. The ever-improving economic status of people supported by various modern financial innovations has enabled families to invest higher amounts into the home textiles segment.
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