MARKET & ECONOMY
Raymond Limited, textile and apparel major, is planning to invest Rs 350 crore in capacity and retail expansion this year. This will help ramp up its apparel sale and grow the fabric business over the next few years, a senior company executive said.
What can be called as a formal ushering of the textile Khadi into corporatisation, Raymond has launched India’s first branded khadi label- ‘Khadi by Raymond’.
Resil Chemicals, one of Asia’s leading textile finishing chemicals and the auxiliary manufacturers, has joined forces with Acticell GmbH, an Austrian Chemical research company, to develop environmentally-friendly sustainable textiles.
The Government has trimmed the textile and clothing export target to $45 billion for the current fiscal. Total shipments in the last fiscal missed the initial target of $48.5 billion by a huge margin
Finland-based Spinnova has invented a fibre yarn technology that spins yarn directly from wood fibres without complex chemical processes.
India is looking to expand its paltry 1.24 per cent share of the Japanese textile market
The Indian High Commissioner to Bangladesh, Harsh Vardhan Shringla has said that both countries need to work together to tap the benefits of global textile industry changes.
Dr N N Mahapatra, President of Ahmedabad-based Colorant Ltd, has been awarded the Life Time Achievement Award at the 30th National Convention of Textile Engineers and National Seminar
The transition to GST will disrupt the working capital cycle of businesses in the initial phase and thus easy
liquidity in the system is essential for two to four months, says India Ratings and Research (Ind-Ra).