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UP to develop textile park in Farrukhabad
With the aim to promote textile industry in Uttar Pradesh, the Yogi Adityanath government has decided to set up a textile park in Farrukhabad for which land has been acquired and investment has been arranged.
Textile mach imports rise 24% in FY19
Import of textile machinery and accessories in 2018-2019 grew 24 per cent compared to the previous year, Jugal Kishore Pansari, president of Indian Textile Accessories and Machinery Manufacturers’ Association (ITAMMA), said.
Indian textile sector losing edge: CITI
India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.
Glen Raven to acquire Sunbury Textile Mills
Glen Raven, a provider of performance fabrics, has signed a Letter of Intent to acquire Sunbury Textile Mills, a market leader in design and manufacture of decorative jacquard fabrics.
Andhra gets $2.9 billion FDI
Andhra Pradesh is among the top foreign direct investment (FDI) destinations in India, with an inflow of $2.9 billion of foreign investment in 2018.
GHCL registers 68% growth in PAT
GHCL, India’s leading chemical and textiles company, announced its financial results for Q1FY20. Net Revenue for Q1FY20 is up by 16 per cent at Rs 879 crore as compared to Rs 757 crore in the corresponding quarter ended June 30, 2018.
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