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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.
Welspun Q1 net down to Rs 128.56 cr
Textile firm Welspun India has reported a 38.39 per cent decline in consolidated net profit at Rs 128.56 crore for the June quarter due to lower income and higher expenses.
Sobel Westex acquires Baltic Linen
Sobel Westex, a designer, manufacturer, and distributor of linen and terry, will acquire Baltic Linen Co Inc, a supplier of bed and bath textiles for retail, cruise lines, healthcare, and hospitality industries.
Bed Bath & Beyond acquires PMall.com
Bed Bath & Beyond, one of the leading home textile retailers in the United States, has acquired PersonalizationMall.com (PMall.com) for approximately $190 million, an online retailer of personalised products.
New range of affordable bed linen from Indo Count
Indo Count Industries Limited (ICIL), one of the leading players in the home textiles industry introduced a range of high quality affordable bed linen for the Indian consumer recently at HGH India held at the Bombay Convention and Exhibition Centre. Since its inception in 1988, Indo Count specialises in providing end-to-end bedding products that solely focus on creating all-encompassing sleep experiences.