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.
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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
With one per cent of garments being recycled and three quarters of the world’s clothing ending up in landfill, the textile industry is seeking ways to make production more sustainable and pay more attention to the entire life cycle of clothing.
Preparations for the seventh edition of ITMA ASIA + CITME are underway as scheduled. Following the completion of the stand allocation exercise, some 1,650 exhibitors have started to receive their certificate of admission and stand details from 14 December 2020.