MARKET & ECONOMY​

OFFIS Textile Ltd, a leader in Israel textile industry, has launched a new OFFIS Textile Sleeping Bag Sleeve which can be used in wet conditions, especially high-flood areas where many insects are widespread.

Nine textile laboratories in India will be upgraded to match Japanese quality and compliance standards to improve textile exports to Japan, says KS Muralidhara, Joint Director – Laboratories, Textile Committee, Government of India.

DKTE Society’s Textile and Engineering Institute, Ichalkaranji has signed a Memorandum of Understanding (MoU) with the Wuhan Textile University (WTU) China, a premier University for textile education.

Textile major Arvind Ltd has reported a 41 per cent decline in net profit for the year ended March from a year ago on the back of demonetisation and increase in cotton prices.