MARKET & ECONOMY
Igyne Fashion – Indian producer of kurtis, western and semi western tops, as well as other typical Indian traditional garments – has launched its first kurtis with Polygiene ViralOff antimicrobial technology.
In a major move, Nandani Creation Limited, leading women ethnic wear company known and identified by its E-commerce and retail apparel brand JaipurKurti.com, has announced that it is planning to invest Rs 10 crores for offline expansion.
Turkish textile firm Eruslu Nonwovens Group (ENG) has entered the biodegradable nonwoven market with Truetzschler Nonwovens’ machinery.
Welspun India Ltd has reported a rise in the consolidated net profit in Q1 due to strong sales. The consolidated net profit in the quarter ended June 30 is Rs 2.22 billion.
Snapdeal, an e-commerce company, announced that its sales in the fashion category have increased by 210% from January 2021 to June 2021.
Due to the tensions between the US and China linger and tariffs, Guess is relying more on supplies from India and Bangladesh.
SRF, the manufacturer of industrial and speciality intermediates, has made major changes in key managerial personnel. Also, the stock of the company has recorded a new high recently.
Due to the tensions between the US and China linger and tariffs, Guess is relying more on supplies from India and Bangladesh.
The PLI scheme of the Indian government aims to strengthen the domestic textile industry by offering incentives to the manufacturing and exporting of some textile products that are made up man-made fibre.