India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
Browsing: Apparels & Garments
India’s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in Sabyasachi brand.
The established traders and suppliers of soft flow dying machine, rotary drum washer machine, temperature programmer, speed indicator, dosing programmer, fabric edge sensor, turbovent fan, proximity switch, cloth guider, level controller, digital timer, level controller, panel board for our clients spanning across the country, Nanotek Controls is established at Faridabad, (Haryana, India).
As we begin to dream of and conceive a post COVID -19 world, we realise that several trends developed during the pandemic will continue – namely clothing that provides comfort and reassurance, and that’s made with sustainable sources. Additionally, this clothing needs to be multi-functional in that it can cross the boundaries between homewear, activewear and outdoorwear.
Birla Cellulose, the pulp and fibre business of USD 48.3 billion Aditya Birla Group is a leading sustainability focused man-made cellulosic fibre producer.
To boost exports, government has announced a scheme namely “Scheme for Remission of Duties and Taxes on Exported Products†(RoDTEP) to all export goods, including textiles and garments with effect from 1st January, 2021.
Ministry of Textiles is contemplating a New Textile Policy. At present, New Textile Policy has not been finalised and it is at draft stage.