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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.
Indian female innerwear market to double by 2025
As per a RedSeer report, the Indian female innerwear market will double by 2025, owing to rising income levels and greater awareness about brands selling lingerie, shapewear, swimwear, and loungewear.
Exports from Cambodia to the US soar by 17% in Q1
According to US Census Bureau, exports from Cambodia to the US were $6.6 billion in 2020, which was 22.79% higher than that of last year. Q1 of this year saw total exports of $1.86 billion even amid stoppages.
We plan to expand into textile sectors in coming months
LetsTransport is a new-age, reliable logistics platform aiming to disrupt on-time
delivery with last-mile efficiency. The company was founded in 2015 by IIT-Kharagpur
alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher. It is a series-B funded, last-mile
tech-logistics solution provider for intra-state deliveries based in Bangalore. It offers reliable,
affordable, and professional services, structured to serve enterprises. Co-founder and CEO,
Pushkar Singh chats about the future of logistics in India and the company’s foray into the
textile and apparel sector.