Telangana Chief Minister K Chandrashekar Rao will lay the foundation stone of a mega textiles park in Warangal Rural district that would offer jobs to thousands of workers, according to the State?s Deputy Chief Minister K Srihari.
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As per the data available with the Government, the export of textiles and garments has shown an increase of 3.2 per cent during the last three years.
Amazon India has signed an MoU with the Telangana Department of Handloom and Textiles to educate, train and enable weavers and artisans to directly sell their products to Amazon customers across the country.
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.
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