Welspun India Ltd (WIL), part of the $ 3 billion Welspun Group has announced Q1-FY15 results, showing strong growth in revenue and profitability in comparison to the corresponding period last year.
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Spaces Home & Beyond of Welspun has launched a ?Hygro Comfort? range of products in India. The Hygro cotton yarn is a new proprietary spinning technology for yarn and has already been patented internationally.
First, the cotton price in India firmed up slowly in the last six months, and since the international prices were lower, there has been higher import largely coming from African countries into India. It is still continuing,
ColorPlus, a premium menswear brand that offers a wide range of smart casual clothing focusing on product innovation, quality and unique use of colours has been awarded as the most admired mens apparel store at Viviana Mall, Thane. The award was a part of the 1st Retail Excellence Awards given by Vivian Mall, Thane.
We strongly welcome the strong thrust on logistical infrastructure, a commitment to implement GST by end of this year, and trade facilitation.
The budget by new government definitely seems to be a step in the right direction. Allocation of Rs 10,000 crore for promoting entrepreneurship is a surprise but a welcoming initiative.
The overall sentiment in the industry post the budget is very positive; it is a very business-friendly budget. We would like to congratulate the Finance Minster on putting together the vision of the new government on the critical sectors of the economy.