Lakshmi Ring Travellers, Coimbatore (LRT) was incorporated in 1974. LRT’s operation has been organised into independent business specific clusters. Each of these business unit has its own facilities for market coverage and service to customers.

In September 2020, Textile Secretary Ravi Capoor informed investors that the Government of India was planning to bring a “focussed product scheme” to incentivise production of synthetic fibre-based apparel and technical textiles.

In order to fully protect manufacturing systems against cyberattack, B&R has further enhanced the user management features of the APROL process control system.

Scientists at the University of York and the Royal College of Art are jointly working to reduce the environmental impact of the textile industry in the UK.

Abercrombie & Fitch, a global specialty retailer of apparel and accessories through three renowned brands, has reported 5 per cent sales decline to $819.6 million in its third-quarter (Q3) for fiscal 2020 ended on October 31 compared to sales of $863.4 million in same period previous fiscal. However, digital sales jumped 43 per cent to $382 million.

The ongoing coronavirus pandemic has impacted every sector of our economy and the most prominent being retail. The work from home and social distancing measures has made every requirement of ours just a click away.

“New trends will shape the future of Indian textile and apparel segment in the coming period. Businesses that can recognise the ebb and flow of the market and focus on adopting sustainability and recyclability in their business models will bounce back more strongly,” says Raj Manek.