MARKET & ECONOMY
Fluid Ventures, the direct-to-consumer (D2C) focused venture capital fund, has announced its debut investment in Fabriclore from its Rs 80 crore fund. Fabriclore is a Jaipur-based leading digital retailer of fabrics that offers one of the widest ranges of fabrics, producing one of the largest and versatile fabric catalogs on a digital platform.
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain.
Zalando, Europe’s leading online platform for fashion and lifestyle, invested in the circular fashion and textile technology group Infinited Fiber Company (IFC).
Texel Industries Ltd, which has more than three decades of experience in the technical textiles, expects to start commercial operations of its 10,080 MT facility for geosynthetics products at Kheda, Gujarat, very soon.
Grasim Industries Limited, a flagship company of the global conglomerate Aditya Birla Group, is building an Aditya Birla Public School at Pallipalayam – a central weaving and spinning hub near Erode, Tamil Nadu.
Fibre-reinforced composite solutions with non-crimp fabrics as reinforcement layers offer many advantages in lightweight construction and are therefore in demand in a wide range of applications, particularly when the price is right.
Zalando, Europe’s leading online platform for fashion and lifestyle, invested in the circular fashion and textile technology group Infinited Fiber Company (IFC).
With a vision to be a fully integrated and globally competitive textile manufacturer, SVP Global Ventures Ltd, India’s largest compact cotton yarn manufacturer, is foraying into technical textiles.
Garments manufacturers in Bangladesh have breathed a sigh of relief as yarn prices started easing after rising to a high level.