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DKTE Society’s Textile and Engineering Institute, Ichalkaranji has signed a Memorandum of Understanding (MoU) with the Wuhan Textile University (WTU) China, a premier University for textile education.

Textile major Arvind Ltd has reported a 41 per cent decline in net profit for the year ended March from a year ago on the back of demonetisation and increase in cotton prices.

Japan is looking to tap the textiles sector in Tamil Nadu and experts from the country are evaluating the two textile labs in the State to ensure they comply with the quality requirement and various compliances for Japanese markets.

Aleph has announced the signing of a binding agreement whereby Wise SGR S.p.A. – on behalf of Wisequity IV closed-ended fund –will purchase a majority stake of the company.