Pakistan’s textile exports rose eight per cent to $4.39 billion in the first four months of the current fiscal 2017/18 as the industry’s value-added sector continued to post recovery in export earnings during the period, Pakistan Bureau of Statistics (PBS) data revealed.
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As a part of the strategy to consolidate their top position in Indian textiles industry, the promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills.
As a part of the strategy to consolidate their top position in Indian textiles industry, the promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills. The acquisition of OCM, which manufactures a premium range of high-quality all-wool and wool-blended worsted suiting fabrics, will enable the Donear Group to expand its range of products to Indian consumers for all weather conditions and for all occasions. In a win-win deal, OCM gets access to the management expertise of the promoters of Donear Group to expand its product range and distribution footprint within India as well as in the overseas markets.
Sven-Erik Bucht Minister for Rural Affairs from the Ministry of Enterprise and Innovation Sweden arrived in Mumbai to discuss a joint project on smart textiles involving potentially Aditya Birla Group, Swedish company Domsjö and the two governments as well as the European Union.
Sanjay K Jain, Chairman, CITI has applauded the Finance Minister and GST Council for bringing in number of reforms in GST law for promoting ease of doing business especially among small businesses
Reliance Industries (RIL) is to increase its presence in the polyester space after the launch of its new brand, RElan, through which it will get into co-branding of apparel. The largest manufacturer of polyester in the country, it has an annual capacity of 2 MT, almost half the country’s 4.5 MT.
Tamil Nadu?s garment production hub Tiruppur has now turned to jute products from cotton. Using a 49-day training offered by the National Jute Board (NJB) in collaboration with the National Institute of Fashion Technology-Tirupur Exporters Association (NIFT-TEA) College of Knitwear Fashion,etc.