Arindam Choudhuri is appointed as the new Chief Executive Officer of Fineotex Chemical. As per the chemical producer, the company will expand its offerings in terms of new products.

Moda Biella in collaboration with NIFT announced a contest for the students where the winner gets a chance to feature the designs in the Moda Biella Collection. The webinar was conducted for 14 NIFT centres. Moda Biella, the Italian luxury heritage fashion brand producing superfine exotic fibres, had forayed into the Indian market by partnering with textile manufacturer OCM.

As the global demand is picking up and global players are diversifying their supply chain, it is expected that Indian exports will show a gradual improvement in the next 2 years, says India Ratings & Research (Ind-Ra).

The $15 billion garment export sector faced a big blow as many states in India announced lockdown and restrictions on industries due to the Covid-19 pandemic.

Lux Industries Limited has announced Covid-19 Vaccination for all its employees free of cost. The company plans to tie up with some leading hospitals and vaccination centres for off-premise vaccination.

According to media reports, the famous fashion brand Ritu Kumar will give a 30% stake of its private equity firm Everstone Capital to Reliance brands which is the premium-to-luxury brands operator of Reliance Retail.

Intertextile has developed a range of hybrid and online solutions for participants of Intertextile Shanghai Apparel Fabrics – Autumn Edition.

The government extended loan for four years with repayment of only interest in the first 12 months under Emergency Credit Line Guarantee Scheme (ECLGS).

The government is aiming at notifying the production-linked incentive (PLI) scheme, that was announced to boost domestic manufacturing, for sectors like auto components, steel, and textiles.