Oerlikon Barmag recently signed contracts for two orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers.
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Dr KV Srinivasan, Chairman, Texprocil stated that exports cotton yarn from India in the first quarter of April-June 2019 have fallen by a steep 33 per cent.
GHCL, India’s leading chemical and textiles company, announced its financial results for Q1FY20. Net Revenue for Q1FY20 is up by 16 per cent at Rs 879 crore as compared to Rs 757 crore in the corresponding quarter ended June 30, 2018.
Dr KV Srinivasan, Chairman, Texprocil stated that exports of cotton yarn from India in the first quarter of April-June 2019 have fallen by a steep 33 per cent. From 338 million kg for the period April-June 2018 to 226 mn kg in April-June’19.
Indian textiles sector needs to refocus and concentrate on value addition. Textile industry in India is in distress due to sluggishness in yarn uptake by the upstream sectors.
The seeds of Mohler Machine Works were sown in 2006 by two visionaries – V Balasubramanian, Textile Technologist and V Benny Jerald, Mechanical Engineer – who bought in rich experience of more than two decades in the textile industry.
Over the last decade India has become a hub in home textile production, especially for the products like bed sheets, terry towels, kitchen linen, upholstery, and more.