On November 11, 2020, The Union Cabinet gave its approval to extend the production-linked incentive (PLI) scheme to textile products along with nine other new sectors entailing an additional financial outlay of Rs 1460 billion over a 5-year period.
Browsing: Textile Industry
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Prime Minister and Union Textile Minister for including textile industry and allocating budget for improving manufacturing capabilities and boosting exports.
Convened by sustainability non-profit Forum for the Future, the Cotton 2040 coalition is a unique partnership that brings together representatives from standards, producers, brands and retailers.
Elgi Equipments, a manufacturer of air compressors, announced the results for the quarter and half year ended September 30, 2020. PAT for the quarter was Rs 33.2 crore compared to Rs 11.7 crore in the same period in 2019-2020 on a consolidated basis.
Ruizhe Sun, President of the China National Textile and Apparel Council (CNTAC), was unanimously elected as the new President of the Federation (for his detailed CV see the ITMF-website).
The index of orders intake for textile machinery, as compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period ranging from July to September 2020, decreased by 26 per cent compared to the same period in 2019. The index value was attested at 72.4 points (2015 basis = 100).
Raymond announced its unaudited financial results for the quarter ended September 30, 2020. Raymond is India’s largest integrated worsted suiting manufacturer that offers end-to-end solutions for fabrics and garmenting.