Filatex India Limited, a leading manufacturer of synthetic man-made filament yarns, said its Q2FY19 net profit increased 50 per cent to Rs 20.25 crore as the company opened a new production line.
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SRTEPC delegation comprising of Narain Aggarwal and Ronak Rughani, met Suresh Prabhu, Union Minister for Commerce & Industry and Minister of Civil Aviation to appraise him on the GST issues being faced by the MMF segment and export promotion incentives.
Synthetic fibres are becoming more popular in the global textile and apparel industry due to their versatility, ease of use, high availability, and considerably lower cost than many natural textiles.
India Ratings and Research (Ind-Ra) has maintained a stable outlook for cotton textiles for FY18. However, the agency has revised its cotton outlook to stable for FY18 from negative for FY17.
Come March, the Synthetic Textile Export Promotion Council (SRTEPC) will be participating in exclusive Indian Textile Exhibitions (INTEXPO) in Ethiopia (March 6th & 7th, 2017) and Kenya (March 9th and 10th, 2017).
The Synthetic Textiles & Rayon Export Promotion Council (SRTEPC) is organising participation of member-companies in Intermoda Guadalajara being held from January 17 to 20, 2017 in Mexico.