Search Results: RIETER (452)

In this interview, Chirag Pittie, Director, SVP Global Ventures Ltd, highlights on the changing dynamics of the spinning industry in India and how his company is gearing up for the future.

After reporting a net profit of about Rs 17.9 billion in Q4 last year, Alok Industries, a well-known textile firm, has reported in its regulatory filing a net loss of Rs 5 billion in the current Q4 ending on March 31st, 2021.

The pandemic has led to a decline in the production capacity of textile industries in Tamil Nadu, Maharashtra and Gujarat, among others. It has also resulted in reduced demand for textiles across the country.