MARKET & ECONOMY
Raymond announced its unaudited financial results for the quarter ended September 30, 2020. Progressive recovery witnessed on a month-on-month basis in 2QFY21.
Finer adjustment of the yarn suction force, lower compressed air consumption for the same yarn tension, smooth, ergonomic compressed-air valve – all promises fulfilled by the modernised AS H 32 and AS H 38 yarn suction devices.
“New trends will shape the future of Indian textile and apparel segment in the coming period. Businesses that can recognise the ebb and flow of the market and focus on adopting sustainability and recyclability in their business models will bounce back more strongly,” says Raj Manek.
The ongoing coronavirus pandemic has impacted every sector of our economy and the most prominent being retail. The work from home and social distancing measures has made every requirement of ours just a click away.
As the economy and the world are adapting to the new normal, Spykar is introducing a revolution in the men’s underwear category with their latest launch – UNDERJEANS; innerwear with the soul of jeans.
Polygiene is launching its newly developed formula of ViralOff® with a lifetime of garment washability, proving performance against SARS-CoV-2 with over 99 per cent reduction of microbes in the material within two hours.
The Union Cabinet gave its approval to extend the Production- Linked Incentive (PLI) scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1460 billion over a 5-year period
Sanjay Garg, President, NITMA said that NITMA welcomes the Government’s decision to revoke the anti-dumping duty on acrylic fibre originating in or exported from Thailand and imported into India.
On November 11, 2020, The Union Cabinet gave its approval to extend the production-linked incentive (PLI) scheme to textile products along with nine other new sectors entailing an additional financial outlay of Rs 1460 billion over a 5-year period.