Dhiraj Raichand Shah, Executive Chairman of M/s. Shahlon Silk Industries Ltd., Surat has taken over as Chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) in the 527th Meeting of the Committee of Administration of the Council held at Deltin Hotel, Daman on 27th March 2021
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Sanrhea Technical Textiles is a stock listed and an ISO 9001:2008 approved firm that set up its facility to manufacture industrial fabrics in 1997 as a small convertor and has grown over the years to become one of the largest and most reputed manufacturers of RFL – dipped fabrics for conveyor belts, tyres and other rubber products. Today, the company has an installed capacity of 160 tonnes per month. Tushar Patel, Managing Director, Sanrhea Technical Textiles speaks regarding the scope for technical textile in India and the future plans of the company.
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
Being a large manufacturer and exporter, the Indian textile industry has consistently been looked forward to – in terms of product, manufacturing processes and channels of sale.
The pandemic has brought about major changes across the globe. This health crisis has affected all across, manufacturing and textiles included. Volatility has become a synonym for market. However, there is a bright side to every challenge.
Textile industry plays a very important role in spinning the economy’s growth wheels by being the second largest employment generator (after agriculture) and accounting for seven per cent of industrial output in value terms, 12 per cent of the country’s export earnings and two per cent of India’s GDP.