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IPDS Boosts Green Textile Infrastructure In India

The Integrated Processing Development Scheme (IPDS) has been implemented by

Green Textiles Gain Momentum With Credit Score And Green Fund

Green Textiles initiatives aim to boost manufacturing, consumption, and exports

MSME Competitiveness Boosted By Government Initiatives

MSME Competitiveness in Global Value Chains Strengthened by Government Initiatives.

MSME Ministry Hosts First National Workshop On ODR Portal

ODR Portal for MSMEs Takes Centre Stage as Ministry Hosts

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Export Interest Subvention
Apparel and Textile News Ministry of Textiles News

Export Interest Subvention Needed By Spinning Sector

Credit rating agency ‘Crisil’ has suggested the need for export interest subvention for spinning textile sector. As per the interim report, prepared based on the request of Texpreneurs Forum, a copy of which was sent to the commerce minister, Nirmala Sitharaman last week, rising NPA levels in textile, falling EBITDA and net margin and fall […]

All - India Dealer Conference In Goa
Apparel and Textile News Apparel Brands and Companies

All – India Dealer Conference In Goa By BSL Suitings

BSL Suitings, a subsidiary of the Rajasthan-based 900 million US Dollar LNJ Bhilwara Group, recently organised a two-day wholesale conference in Goa. In his inaugural speech, JC Soni, business head of BSL Suitings, congratulated all trade partners and the BSL team for the good growth registered in fabric business in the recent past. On the […]

PAK Textile Industry
Apparel and Textile News

PAK Textile Industry Growth Affected By Duty On PSF

Pakistan’s textile industry, which is the largest manufacturing industry in the country and contributes about 8 per cent to its GDP, is becoming “unviable” in terms of export of yarn and fabric, All Pakistan Textile Mills Association (APTMA) chairman, S.M.Tanveer said. The industry growth has become stagnant due to non-diversification since long. He further highlighted […]

Foundations Of HCFC
Apparel and Textile News Apparel Brands and Companies

UP Governor Lays Foundations Of HCFC

Foundation stones of seven ‘handloom common facility centres’ were laid today in Varanasi, by Uttar Pradesh governor Ram Naik, in the presence of textile minister, Santosh Kumar Gangwar. The governor said that there is a need for the weavers to adopt their ways of working, in accordance with latest technology and changing market demands. Addressing the gathering, […]

Aditya Birla
Apparel and Textile News Apparel Brands and Companies

Aditya Birla Buys Jubilant’s Hypermarket Business

Aditya Birla Retail has acquired Jubilant Industries’ hypermarket business in a slump sale deal. The acquisition marks another consolidation exercise in the domestic retail sector. This is the third consolidation announcement in the retail sector within a fortnight. Earlier this month, Aditya Birla Group merged its apparel businesses into a Rs 5,290-crore entity named Aditya […]

Textile & Garment Exports
Apparel and Textile News

Short Of Target In Textile & Garment Exports

The overall textile and garment exports will not only miss the initial official growth target of 10 per cent for 2015-16 but also fall short of the 5 per cent expansion rate expected, according to Northern India Textile Mills’ Association (NITMA). Sharad Jaipuria, president, NITMA said that the textile industry needs basic raw material cotton […]

Vardhman Textiles
Apparel and Textile News

Low Margin In Q4 By Vardhman Textiles

Vardhman Textiles, in its Q4 results has shown decline in net profit by 41.55 per cent to Rs. 90.20 crore in the quarter ended March 2015 as against Rs. 154.32 crore during the previous quarter ended March 2014. Sales increased 9.79% to Rs. 1407.79 crore in the quarter ended March 2015 as against Rs. 1282.21 […]

Highest Number Of GOTS
Apparel and Textile News Apparel Brands and Companies

Highest Number Of GOTS-Certified Facilities In India, Bangladesh

Global Organic Textile Standard (GOTS) is recognized worldwide as the leading processing standard for textiles made from organic fibers. GOTS-certified facilities are now located in 64 countries around the world. Countries with the greatest increase in GOTS certification in 2014 are India (+338), Bangladesh (+89), Germany (+32), Turkey (+21) and China (+18). The Top Fifteen […]

Proyog
Apparel and Textile News Apparel Brands and Companies

Proyog To Launch Yoga Wear Brand

Bangalore based startup, Proyog, will soon launch a global yoga wear brand designed, developed and manufactured entirely in India. The company is intent on demonstrating to the world, India’s ability to design and manufacture best-in-class products in the multi-billion dollar yoga wear market. Co-founder and product head, Malika Baruah said, “Yoga wear across the globe […]

Aditya Birla Nuvo
Apparel and Textile News Apparel Brands and Companies

Aditya Birla Nuvo Q4 Net Profit Rises 88.28%

Aditya Birla Nuvo reported a fourth quarter profit of Rs 331.63 crore, up 88 per cent from Rs 176.13 crore during the corresponding quarter, because of strong performance at its financial services, telecom and apparels businesses. The company is part of the Aditya Birla Group. Its businesses include financial service, insurance, brokerage, fashion, lifestyle, telecom […]

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