MARKET & ECONOMY
Gujarat, which has long been a hub for premium cotton for textile mills in Tamil Nadu, in the wake of increased adulteration with substances like comber noil and other cotton waste by Gujarat?s ginners, has drastically cut back their cotton procurement.
Karl Mayer, a leading warp knitting machinery manufacturer has come up with a HKS 4-M El, tricot machine, a flexible machine that makes it ideal for a variety of applications. The HKS 4-M EL is particularly adept at producing stylish, warp-knitted fabrics for the fashion sector. The light and airy fabric was produced on an HKS 4-M EL in a gauge of E 28.
Xeros Technology, a developer and provider of patented polymer-based systems with multiple commercial applications, will focus on the textile sector for the development of its technology.
Bombay Dyeing and Manufacturing Company, the 137-year-old textile manufacturer with 25 company-owned stores and franchises across nine towns in Tamil Nadu, has big plans for the State focusing more on retail business.
Kurlon Enterprises Limited, country’s leading mattress company, is eyeing a major expansion in Chhattisgarh. The company will soon increase its Kurlon Mattress Xpress (KMX) outlet to five from the existing two located in Raipur and Bhilai.
Ethnic wear brand, Soch has held talks with private equity (PE) funds, including L Catterton, Westbridge Capital and CX Partners, for a majority stake sale valuing the company at around $200 million.
OCM Pvt Ltd, India?s leading fabric manufacturer, launched its first exclusive franchise fashion store called ?Impressions? in New Delhi?s Rajouri Garden market.
The Cotton Association of India (CAI), which has released its December estimate of the cotton crop for the 2016-17 season beginning from October 1, 2016, has placed the cotton crop at 341.00 lakh bales of 170 kg each.
OCM Pvt Ltd, India?s leading fabric manufacturer, launched its first exclusive franchise fashion store called ?Impressions? in New Delhi?s Rajouri Garden market.