MARKET & ECONOMY
Rising cotton prices are set to hit profit margins of textile and apparel players due to their inability to pass on the high production cost on to consumers as seasonal demand is weak.
Strata Geosystems, a joint venture of Glen Raven, headquartered in Mumbai, and a leading specialist in the soil reinforcement industry, has opened a new state-of-the-art manufacturing facility in Daheli, Gujarat, recently, to meet the demand for geotechnical products in India and around the globe.
Kewal Kiran Clothing Limited (KKCL), an apparel retailer, plans to focus on tier-II and tier-III cities with the launch of new brands in the affordable category and doubling of distributors across India from 125 to 200.
The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.
GOTS has won a legal judgement in an appeal case against a company that printed blank GOTS-certified organic cotton t-shirts and then sold them afterwards as GOTS-certified end products, despite not been certified as a GOTS printer.
The Indian Technical Textile Association (ITTA) will be organising one day “national investors’ conclave on technical textiles (NICTT 2019)†jointly with Indian Texpreneurs Federation (ITF) on April 24, 2019 at The Residency Towers, Coimbatore.
SKF India announced the launch of its new and indigenous grease LNEP2IN. This grease is specially-formulated to increase the service life of bearings operating in demanding environments and will carry forward the SKF commitment for global quality and reliability across all geographies.
Uttarakhand has decided to set up a centre of excellence (CoE) for Himalayan fibre in Kumaon region?s Almora district.
The Indian Technical Textile Association (ITTA) will be organising one day “national investors’ conclave on technical textiles (NICTT 2019)†jointly with Indian Texpreneurs Federation (ITF) on April 24, 2019 at The Residency Towers, Coimbatore.