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Apparel and Textile News

Arvind signed MoU with APEDB to setup Textile Park in AP

The leading denim manufacturer in India, Arvind Ltd., executive director, Kulin Lalbhai has inked a Memorandum of Understanding (MoU) with J Krishna Kishore, Chief Executive Officer of Andhra Pradesh Economic Development Board (APEDB). The Indian state which has been wooing the textile majors to establish their units in the Andhra Pradesh. State Chief Minister N Chandrababu Naidu was also present at the signing ceremony. Kishore quoted, “Andhra Pradesh has been…
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Apparel and Textile News

Recognition Awards to Exporters by TEXPROCIL

Union Textile Minister Smriti Irani, will present the awards to the textile exporters at the Annual Export Award function organised by The Cotton Textiles Export Promotion Council (TEXPROCIL) on the eve of 14th December 2017 at Hotel Sahara Star, Mumbai. This function is organised by the council every year to recognize the role played by the exporters and award them for their success and hard work. The Council this year is…
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Apparel and Textile News

Denim khadi to be purchased by Arvind from KVIC

Textiles giant firm Arvind Ltd plans to buy around one million metres of khadi denim every year from Khadi and Village Industries Commission (KVIC). An agreement between Arvind Mills Limited and KVIC was signed in Ahmedabad yesterday, the communion in a statement said. After signing the agreement, company's executive director Puneet Lalbhai informed that they plan to purchase approximately one million metres of khadi denim every year. Under the MoU,…
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Apparel and Textile News

Arvind Ltd. Records 10 % growth for the quarter ended in 2017

Textile major, Arvind Ltd., has recorded 10 per cent growth in its consolidated revenue at Rs. 2,465 crore for the quarter ended March 31, 2017, as against Rs. 2,233 crore in the corresponding quarter of the previous year. For the financial year, the company reported 15 per cent growth in revenue at Rs. 9,236 crore. Net profit after tax was higher by six per cent at Rs. 332 crore. Jayesh…
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Apparel and Textile News

Net Profit Of Arvind Ltd Falls Due To Higher Expenses

Textiles major Arvind Ltd reported a marginal decline of per cent in consolidated net profit to Rs crore for the fourth quarter ended March, on account of higher expenses. The company had posted a net profit of Rs crore for the same period of previous fiscal. Its total income during the period under review stood at Rs 2, crore as against Rs 2, crore in the year-ago quarter, up per…
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Apparel and Textile News

Ready-To-Wear Brand By Arvind Ltd

Textile major Arvind Ltd has launched ready to wear menswear under the brand Arvind. It will be later available across The Arvind Stores before branching out as a separate entity eventually to cater to the 10 bn US dollar market in the country. “Arvind Ltd comes full circle with brand Arvind,” company’s ED Kulin Lalbhai said. The brand will offer garments that will cater to the requirement of the Indian…
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