Category: Industry Update

NSE grants in-principle approval to Globe Textiles for Rights issue of upto Rs 49 crore

admin- February 21, 2024

Proceeds will be partly utilised for fuelling forward integration via acquisitions which will translate to growth of over 30 per cent in consolidated revenue to Rs ... Read More

George at Asda broadens its Sourcing as a Service collaboration with PDS in new EMEA territories

admin- February 21, 2024

Under CSS Near East, PDS acquires the George at Asda sourcing entity in Turkey. PDS, the global fashion infrastructure company has announced the expansion of ... Read More

Textile Association (India) Mumbai Unit hosted a sustainability and circularity conference

admin- February 19, 2024

The Conference received overwhelming response with 275 delegates in attendance. The Textile Association (India), Mumbai Unit organised International Conference on -Sustainability and Circularity - The ... Read More

Italian textile machinery: 2023 fourth quarter orders remain stationary

admin- February 19, 2024

Overall for the fourth quarter, the average order backlog yielded 3.7 months of assured production. In the fourth quarter of 2023 Italian textile machinery orders ... Read More

PM Modi to launch Rs 15000 cr projects in Navsari on Feb 22

admin- February 19, 2024

For the event, new road networks and a helipad had been developed. On February 22, various projects worth Rs 15,000 crore at Vansi Borsi in ... Read More

Globe Textiles plans forward integration by announcing acquisition

admin- February 15, 2024

Globe Textiles demonstrated outstanding financial results for Q3, 2023. The company’s profit after tax has increased fourfold from 47.61 lakhs to 163.83 lakhs in the ... Read More

$ 100 billion T&A exports: Mission possible?

admin- February 15, 2024

India’s export of textiles & apparels (T&A) has been stagnant at around $ 35 to 37 billion in the last few years and saw a ... Read More