Lubeina Shahpurwala, along with her power partner Naazneen Katrak, is successfully running one of the biggest socks manufacturing companies in India – Mustang Socks. Recognising this, Franchise India recently awarded Shahpurwala the ‘Woman Entrepreneur of Year 2017’ at the 6th edition of Small Business Awards 2017, which took place in New Delhi.
Browsing: textile news
Tekstil Trans Ltd has opened a new textile factory on February 1 in Kyrgyzstan’s northern Chui province. Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov at the opening ceremony, said that opening of this enterprise will help reduce Kyrgyzstan’s dependence on the import of textile products, namely fabrics, which will allow lowering the production cost of domestic sewing industry.
Keen on making Haryana a global hub of textile manufacturing and a preferred investment destination, the State Government has drafted a new textile policy to incentivise setting up of new units and ensuring growth and modernisation of the existing textile industry.
The Swiss textile technology innovator HeiQ and sustainable outdoor clothing brand Patagonia have teamed up for an exclusive strategic research partnership to explore novel ways for a sustainable textile finishing technology to achieve breathable and durable water repellence (DWR). Patagonia was recently recognised for contribution in waste reduction.
Bombay Dyeing and Manufacturing Company, the 137-year-old textile manufacturer with 25 company-owned stores and franchises across nine towns in Tamil Nadu, has big plans for the State focusing more on retail business.
Kurlon Enterprises Limited, country’s leading mattress company, is eyeing a major expansion in Chhattisgarh. The company will soon increase its Kurlon Mattress Xpress (KMX) outlet to five from the existing two located in Raipur and Bhilai.
Ethnic wear brand, Soch has held talks with private equity (PE) funds, including L Catterton, Westbridge Capital and CX Partners, for a majority stake sale valuing the company at around $200 million.