Textile firm Welspun India has reported a 38.39 per cent decline in consolidated net profit at Rs 128.56 crore for the June quarter due to lower income and higher expenses.
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Century Textiles & Industries reported a multi-fold jump in its net profit at Rs 120.24 crore for the first quarter ended June 30, mainly on account of lower expenses.
According to data compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, the order index for textile machinery during the period from April to June rose by 26 per cent compared to the same period in 2016.
Recently, an event was held at Cambridge, USA-based Massachusetts Institute of Technology (MIT) to support and encourage the development of smart fabrics with electronics and special functionality in them. T
For the second consecutive year, ACIMIT, in partnership with the Italian Trade Agency, has organised a collective venture at Irantex, the primary trade fair for the Iranian textile and textile machinery sector, to be held in Tehran from 4 – 7 September 2017.
The Karnataka Silk Industries Corporation (KSIC) plans to expand operations, focussed on tackling the increasing demand for Mysore silk sarees and to make them a bit inexpensive.
Empowering employee-led teams to organise activities in their neighborhood, Huntsman Textile Effects is helping make local communities more sustainable.