Garware-Wall Ropes Ltd. (GWRL), one of India’s leading players in the technical textiles sector
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T T Ltd., one of the leading textile players in India, celebrated the completion of 25 years of public listing by ringing the Silver Bell in Bombay Stock Exchange (BSE). The glittering function hosted by Chairman-Founder Dr RC Jain was presided by Padma Bhushan awardee DR Mehta (ex-SEBI Chairman) in the International Convention Centre of BSE in Mumbai.
A growing orders index for Italian machinery companies in foreign markets, while on the domestic front the positive orders trend is hit by a setback over the past six months. Said Raffaella Carabelli, President of ACIMIT: “2015 has closed well overall in terms of orders, with a growing sense of confidence for 2016.â€Â
Nandan Denim Limited (NDL), poised to be Asia’s largest denim fabric manufacturer has reported a net profit of Rs 15.65 crore for the Q3 of FY 2015-16 as against Rs 12.63 crore in the corresponding period of 2014-15, a rise of 23.8 per cent.
The Indian Government has notified certain changes in the All Industry Rates of Duty Drawback vide Circular No. 06/2016-Customs dated February 9, 2016. These changes are effective from February 11, 2016. New entries in the Drawback Schedule have been created for cotton yarns mixed with MMF – both grey and dyed.
The Amended Technology Upgradation Fund Scheme (A-TUFS), which has come as a breather to the crisis-ridden textile industry, is expected to spur investment to the tune of $15 billion.
India’s textile and apparel export growth has slowed down in the recent times on account of various internal and external factors