MARKET & ECONOMY
Greaves Cotton Ltd has posted a 5 per cent growth in its revenue at Rs 445 crore for the quarter ended June 30, 2016 as against Rs 424 crore for the corresponding period last year. Despite tough market conditions, the company maintained its net profit at Rs 39 crore for the first quarter, 11 per cent decline from Rs 44 crore in the comparable period last year.
Geo-textile technology is being used for the first time to repair damaged parts of NH-8 in Assam?s Karimganj district. Repairing work is going on a war footing to improve the stability of the soil for all-weather road that leads into Tripura.
Microban International, a provider of textile odour control and prevention technology, will relaunch its textiles division globally this month.
Microban International, a provider of textile odour control and prevention technology, will relaunch its textiles division globally this month.
The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.
The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.
Export of man-made fibre (MMF) yarns from India shot up by 35.9 per cent year-on-year basis by scaling a new peak at $20.76 million in June this year.
Bangladesh’s total readymade garment (RMG) shipment touched $28.09 billion in the last fiscal, of which trousers topped the list of apparel exports item accounting for more than 22 per cent.
According to a TechSci Research report, (www.techsciresearch.com) textile chemicals market in India is projected to cross $ 2.5 billion by 2021.