Greaves Cotton Ltd has posted a 5 per cent growth in its revenue at Rs 445 crore for the quarter ended June 30, 2016 as against Rs 424 crore for the corresponding period last year. Despite tough market conditions, the company maintained its net profit at Rs 39 crore for the first quarter, 11 per cent decline from Rs 44 crore in the comparable period last year.
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Bangladesh’s total readymade garment (RMG) shipment touched $28.09 billion in the last fiscal, of which trousers topped the list of apparel exports item accounting for more than 22 per cent.
According to a TechSci Research report, (www.techsciresearch.com) textile chemicals market in India is projected to cross $ 2.5 billion by 2021.
Decks are being cleared, including transfer of land to SIPCOT to construct a textile park at Irur village on the Tiruchi-Perambalur National Highway in Tamil Nadu.
The 2016 Autumn Edition of Intertextile Shanghai Apparel Fabrics to be held from October 11 to 13, 2016 in Shanghai, China, will have nearly 5,000 exhibitors from more than 25 countries of which India
Microban International, a provider of textile odour control and prevention technology, will relaunch its textiles division globally this month.
The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.