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Srichakra helps RIL to set up recycled PSF unit in AP
Srichakra Ecotex India Pvt Ltd will build and operate exclusively for Reliance Industries Limited (RIL) the new recycled polyester staple fibre (PSF) – Recron GreenGold and PET flakes wash-line in Andhra Pradesh.
Exports have gained momentum in FY22
The US ban on cotton from Xinjiang has led China to import more cotton from other countries such as Vietnam and India. As a result, India's exports to China increased significantly in Q4 FY21 and share of China in Indian exports increased to 25% in FY21 (from 22% in FY20). In FY22, the momentum in export growth is estimated to be higher due to revival in global economy along with ongoing restrictions on Xinjiang region produced cotton and possible similar restrictions from other countries such as UK, says Anuj Sethi, Senior Director, CRISIL Ratings, in this interview.
Cosmo Films’ PAT increases 85% in Q1 FY2022
Cosmo Films Limited declared its financial results for the quarter ended June 2021 with 53% increase in EBITDA due to higher speciality sales (20% growth), better operating margins and great performance by subsidiaries.
RIL and AEPC host webinar on sourcing polyester fabric
The AEPC held a webinar on ‘Sourcing of Polyester Fabric’ in association with Reliance Industries Ltd (RIL). It was attended by around 50 key players in the manmade fibre (MMF) based garments sector.
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