Gokaldas Exports will set up four apparel manufacturing units in Andhra Pradesh. The units, which are likely to be ready in four years, are expected to entail an investment of Rs 200 crore.

US apparel and footwear industry operating profits are expected to be three to five per cent this year. Conditions are expected to remain challenging in the first six months and will begin to improve in the second half.

Polyester is now one of the most commonly used fibres in the global textile and apparel industry, accounting for more than half of the overall fibre used worldwide.

India Ratings and Research (Ind-Ra) has maintained a stable outlook for cotton textiles for FY18. However, the agency has revised its cotton outlook to stable for FY18 from negative for FY17.

India’s apparel exports to the US rose 4.3 per cent y-o-y in January 2017. Export volumes increased 8.6 per cent but export realisation fell four per cent.

GoCoop, India’s first online marketplace for weavers and artisans will host ‘Go Swadeshi’ from today (March 15) till March 18 at Regional Institute of Co-operative Management in Banashankari in Bangalore.

The global HVAC — Heat, Ventilation and Air-Conditioning — market is anticipated to reach $69.0 billion by 2021, exhibiting a compound annual growth rate (CAGR) of 4.4 per cent. R