MARKET & ECONOMY​

Textile and apparel major Raymond Ltd reported over two-fold rise in its consolidated profit after tax (PAT) at Rs 60 crore for the second quarter ended September 30.

Birla Century, a unit of Century Textiles & Industries Ltd., has become the first manufacturing plant in India to bag LEED & MIG certifications for sustainable textile production. Keeping in view clean manufacturing and sustainable drive among world leaders of textile industry, Birla Century has always been committed towards safe and sustainable manufacturing.

In the GST regime, countervailing duty has been replaced with IGST and the special additional duty has been scrapped. Polyester attracted 10 per cent basic customs duty, 12.5 per cent CVD and 4 per cent special additional duty in pre-GST regime.

Entrepreneurs are foraying into the manufacturing of semi-stitched garments, which are in huge demand in key consumer centres across the country like Delhi, Punjab, Haryana, West Bengal, Tamil Nadu, Maharashtra and even abroad.

Invista has entered into a definitive agreement with China-based Shandong Ruyi Investment Holding to sell its apparel and advanced textiles business, one of Invista’s four major business units. Invista, which has operations in Delaware is part of Wichita, KS-based Koch Industries. Financials were not disclosed.

Technical Association of the Pulp and Paper Industry popularly known as TAPPI is organising an international nonwovens conference developed by its Nonwovens Division, NET, from April 16-18, 2018 in Charlotte, NC, USA.