MARKET & ECONOMY
Nanofibre production may become cheaper due to a new development by researchers from Cambridge, USA-based Massachusetts Institute of Technology (MIT)
Nonwoven sector is an established sector in developed countries, while some work needs to be done in markets where it is still at infancy
Birla Cellulose of the Aditya Birla Group has been ranked Number one globally by the NGO Canopy, in its Hot Button Report for it work on the conservation of ancient and endangered forests
Sanjay K Jain, Chairman, CITI has applauded the Finance Minister and GST Council for bringing in number of reforms in GST law for promoting ease of doing business especially among small businesses
In order to be closer to the customer in the future, Groz-Beckert is moving its Ludhiana office. The new site – Cedar Chambers, 2nd Floor, SCO 12, Sector 32-A, Chandigarh Road, Ludhiana – 141 010 – is now home to Groz-Beckert Asia Pvt Ltd and Groz-Beckert Carding India Pvt Ltd.
Reliance Industries (RIL) is to increase its presence in the polyester space after the launch of its new brand, RElan, through which it will get into co-branding of apparel. The largest manufacturer of polyester in the country, it has an annual capacity of 2 MT, almost half the country’s 4.5 MT.
The All Pakistan Textile Mills Association (APTMA) has said that the government must ensure availability of raw materials to the struggling textile industry as promised under Prime Minister’s Export Package at the earliest).
India’s textile sector accounts for 10 per cent of the country’s manufacturing production, 5 per cent of its GDP, and 13 per cent of its export earnings, said a study released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Textile and apparel player Arvind Ltd reported a consolidated net profit of Rs 64.50 crore for the quarter ended September 30. The company had posted a net profit of Rs 76.65 crore during the same period previous fiscal.