As per analysts, many Japanese apparel brands are banning Xinjiang cotton, following the suit of many other well-known brands. This action will make them lose out in the Chinese market.
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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.
The increasing importance of recycled fibre processing
The ring spinning machine G 37 meets all needs for an efficient yarn production. The machine produces high-quality yarns with highest production rates and lowest energy consumption
The increasing importance of recycled fibre processing