Garware-Wall Ropes Ltd (GWRL), a leading manufacturer of technical textiles for the Indian and global markets has achieved a sales revenue of Rs 225.06 crore in Q1FY17 as compared to Rs 239.32 crore in Q1FY16.
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India’s cotton import has soared above 20 lakh bales thanks to skyrocketing cotton prices. While Cotton Advisory Board (CAB) had projected imports of around 15 lakh bales during 2015-16, trade and industry officials opine that imports have already crossed 20 lakh bales.
State-run Tamil Nadu Handloom Weavers’ Cooperative Society Ltd (Co-optex) posted an all-time high retail sales turnover of Rs 313.38 crore in 2015-16, the State Assembly was informed recently.
India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia. Exports dropped three per cent in 2015-16 and 17 per cent from April to June 2016. Exports of wool and woolen products stood at Rs 3,012 crore in 2015-16 compared to Rs 3,112 crore a year ago. The decline is 9.4 per cent in dollar terms for the period.
India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia.
Paving way for the introduction of fixed-term employment in the textile and apparels sector, the Labour Ministry has notified changes in the rules of the Industrial Dispute Act, 1947.
Nigeria currently spends over $4 billion annually on importing textiles and readymade clothing, despite the Nigerian government?s initiatives to revive the textile sector in recent times, according to the Director General (DG) of Nigerian Textile Manufacturers Association (NTMA), Hamma Kwajaffa. Textiles is Nigeria?s second largest employer after the government.