Indian Cotton Yarn industry to see revival in FY 2024

Indian Cotton Yarn industry to see revival in FY 2024

July 26, 2023

According to a CareEdge report, the Indian cotton yarn industry is likely to register a sales volume growth of 5-7%, while the operating margin is expected to expand by 100-150 bps in FY24 compared to FY23. By Abhinay Kumar July 25, 2023 01:45 IST After a lacklustre year, the cotton...Read More

Indian technical textiles market to soar to $50 billion in next 5 years

Indian technical textiles market to soar to $50 billion in next 5 years

July 26, 2023

25 Jul 2023, 05:30 PM IST New Delhi: The Indian technical textiles sector is poised for an outstanding expansion trajectory, with expectancies to achieve a staggering $50 billion throughout the following 5 years from the present $22 billion, stated textiles secretary Ms. Rachna Shah on...Read More

Shoppers Stop Q1 net profit down 36 percent to INR 14 Crores

Shoppers Stop Q1 net profit down 36 percent to INR 14 Crores

July 26, 2023

Fashion retail chain Shoppers Stop Ltd witnessed a 36 percent decline in net profit to Rs 14 crore ($1.7 million) for the first quarter ended June 30, as against Rs 23 crore in the year-ago period. Maverick Martins Jul 25, 2023. The company’s revenue for the quarter rose by 5 percent...Read More

Mimaki process strips prints from polyester Adrian Wilson

Mimaki process strips prints from polyester Adrian Wilson

July 25, 2023

No limit to how many times fabrics can be treated with Neo-Chromato and then reused. 24th July 2023 Adrian Wilson Milan The new Neo-Chromato process being developed by digital printing technology specialist Mimaki enables the reuse of coloured polyester textiles by removing the inks from...Read More

Better Cotton & CEA Forge New Strategic Partnership in Egypt

Better Cotton & CEA Forge New Strategic Partnership in Egypt

July 25, 2023

Press Release 24 July, London - Better Cotton, the world’s largest cotton sustainability initiative, and Cotton Egypt Association (CEA), the organisation responsible for promoting and protecting Egyptian cotton worldwide, have announced a new strategic partnership to expand the Better...Read More

TIGC (The Indian Garage Co) expands brand portfolio with launch of ‘Freehand’

TIGC (The Indian Garage Co) expands brand portfolio with launch of ‘Freehand’

July 20, 2023

Maverick Martins Jul 19, 2023 The Indian Garage Co (TIGC), a 'House of Brands' entity in the making has expanded its brand portfolio with the launch of a fast fashion brand for women ‘Freehand’. Freehand will cater to women across the country with focus on tier 2, 3...Read More

Sai Silks Kalamandir will allocate 4.76% of shares to Employee Trust

Sai Silks Kalamandir will allocate 4.76% of shares to Employee Trust

July 20, 2023

Isabelle Crossley July 19, 2023. Saree, clothing, and textile brand Sai Silks Kalamandir has announced that it will allocate 4.76% of its shares to its Employee Trust. The business aims to foster wellbeing and development in its workforce as it gears up for its initial public offering. The...Read More

SRTEPC’s delegation to visit United States to promote technical textiles

SRTEPC’s delegation to visit United States to promote technical textiles

July 18, 2023

01/07/2023 02:53 PM New Delhi, July 1 (KNN) The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) is planning to send a delegation to the U.S. soon to promote exports of manmade fibre and technical textiles. Following the recent visit of Prime Minister Narendra Modi to the...Read More

Tamil Nadu spinning mills set to pause production from 15th of July -peers in Gujarat watchful

Tamil Nadu spinning mills set to pause production from 15th of July -peers in Gujarat watchful

July 18, 2023

By Jescilia Karayamparambil Jul 14, 2023 8:59:20 PM IST (Updated) 3 min read For the first time in the last 20 years, exports of yarn and textiles have declined by around 28 percent, according to the South India Spinners Association. The spinning mills in Gujarat can wait for...Read More

AITUC demands fixed minimum monthly wage of Rs 26,000 for textile mill workers

AITUC demands fixed minimum monthly wage of Rs 26,000 for textile mill workers

July 18, 2023

01/07/2023 02:53 PM New Delhi, July 15 (KNN) A monthly minimum wage of Rs 26,000 for textile mill workers has been sought by the All India Trade Union Congress (AITUC), reported The Hindu. A committee comprising five officials, six representatives of employers and six...Read More

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