MARKET & ECONOMY​

Rabatex Industries has lined-up the latest and innovative pre-weaving technologies (weaving preparatory technologies) and Battery operated & Manual Material handling and Storage Equipments including accessories like creels for technical textiles applications at the upcoming India ITME exhibition.

Vietnam’s garment and textile export in the first nine months this year posted the lowest growth rate for the last ten years, reported Vietnam Textile and Apparel Association (Vitas). The down growth rate has been caused by import reduction from some major markets of Vietnam where have met with economic difficulties and the Britain’s exit from the EU.

Saurer Group’s E³ (triple added value) – philosophy of innovation and sustainability was developed with a clear customer focus. Highest productivity, maximum raw material utilisation and excellent yarn characteristics are key success factors for today’s textile producers.

A partnership is a bridge that allows a free-flowing passage of expertise and experience.
A ladder that empowers an organisation and its brands to scale up in quality, repute and market acceptance.
It is with the intent of escalating the quality of Indian textile processing technology to global standards Bianco S.p.A. Italy extends its hand of association.

India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.

Nandan Denim Limited (NDL), poised to be Asia’s largest denim fabric manufacturer has reported a net profit of Rs 16.30 crore for Q2 of FY 2016-17 as against Rs 15.61 crore in the corresponding period of 2015-16, a rise of 4.42 per cent. Net Sales for second quarter ended September 2016 at Rs 302.63 crore were higher by 2.75 per cent over previous fiscal’s same quarter Net Sales of Rs 294.53 crore. Company reported healthy EBITDA and PAT margin in Q2 FY17 at 16.23 per cent and 5.38 per cent respectively. EPS for Q2 FY 17 stood at Rs 3.39 (Face value of Rs 10 per share).