There has been an increase in Textile & Apparel (T&A) exports in November 2017 after witnessing decline since May last year.
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Indian spinners are likely to see a gradual performance recovery beginning 2017-18 last quarter after facing multiple problems over the last several quarters that resulted in their profitability touching six-year lows in the previous two quarters, according to a report by credit rating agency ICRA. Cotton yarn demand is also expected to gather strength.
Over 390 Indian companies have come together together to showcase the country’s textile expertise at the world’s biggest fair for interior textiles – Heimtextil this week.
Welspun India, one of the largest home textile manufacturers in the world, has introduced a patented, end-to-end traceability process Wel-Trak. This revolutionary process ensures that customers and consumers can trace the provenance of the cotton raw materials throughout the supply chain from farm to the retail shelf.
According to the new study published by P&S Market Research, the ASEAN & South Asia dyestuff for textile market is forecasted to Reach $1,938.9 Million by 2023.
Uzbekistan produces around 1.4 million tonnes of cotton fibre annually, of which about 60 per cent is consumed domestically.
Coimbatore-based Sharadha Terry Products has unveiled a new brand identity and logo for the ‘Micro Cotton’ brand of home textile products and reaffirmed its commitment to strengthen its presence in India.