The board of directors in the meeting has recommended a dividend of 120 per cent for the financial year 2017 18. The growth in domestic was satisfactory. Overall, companys business grew across all markets barring a few Asian countries.

Vietnam’s textile and garment industry is expecting exports to reach up to $200 billion by 2035 thanks to investment in new technology and automation, and a shift in production methods.

Coimbatore-based Elgi Equipments Ltd, a leading manufacturer of air compressors, announced the results for the financial year 2017-18 posting a PAT of Rs 76.9 crore, compared to Rs 68.4 crore in 2016-17.

The Centre has promised to refund the entire pending claims of textile exporters under GST and IGST (Integrated GST) in 15-20 days.

Epson, and its subsidiaries, For.Tex. and Fratelli Robustelli, have appointed The Textile Engineers of Pakistan (TEP) to drive Monna Lisa digital textile printer expansion in the Pakistan market. TEP, established in 1949 as subsidiary of Platt UK, is a recognised supplier for a large number of important brands specialised in the industrial textile segment.

Formal wear brand Arrow is targeting over 20 per cent year-on-year sales growth in the next 4-5 years, and plans to open 55 exclusive brand outlets this fiscal to expand its footprint in tier II and tier III cities.

KARL MAYER has extended its successful model in the HKS machine series, the HKS 3-M, by including a version having a wider working width.

Flameproofings Ltd., UK are a market leader in the flame retardant coating of fabric for the upholstery and household textiles markets.

The textile market is in continual change. The technical standards of the machines and the know-how of all persons involved become higher and higher.