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India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.

Textile industry plays a very important role in spinning the economy’s growth wheels by being the second largest employment generator (after agriculture) and accounting for seven per cent of industrial output in value terms, 12 per cent of the country’s export earnings and two per cent of India’s GDP.

Surface Modification Technologies has over 20 years of hands-on experience in handling various advance surface treatment technologies. The company delivers surface enhancement solutions using Physical Vapor Deposition (PVD) coating processes customised to individual requirements. Umesh Mhatre, Managing Director, Surface Modification Technologies opens up about latest technologies in surface enhancement solutions and provides suggestions to improve the Indian textile industry.

India’s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in Sabyasachi brand.