Page 3 - Textile Industry

A tough yarn for textiles: High input costs, GST expected to crimp margins

From January to November, yarn prices reportedly increased from Rs 220 per kg to around Rs 350

China-Plus-One to push Indian textile exports to $65 bn by 2026: Study

Surge is likely to generate 7.5-10 million new jobs

Piyush Goyal reviews ATUF Scheme to boost Indian textile industry

Piyush Goyal has reviewed the Amended Technology Up-gradation Fund Scheme (ATUFS) to boost the Indian textile industry by enabling ease of doing business, bolstering exports and fuelling employment

Govt notifies setting up of 7 mega textile parks under PM-MITRA scheme

The government has issued a notification for setting up seven mega textile parks under the PM-MITRA scheme at a total outlay of Rs 4,445 crore

Welspun India to invest Rs 800 cr on capacity enhancement over next 2 years

Welspun India has said it is looking to invest around Rs 800 crore on capacity expansion of its home textiles and flooring businesses over the next two years. Welspun India, the country's largest home textiles manufacturer, would invest Rs 656.5 crore on its home textiles business expansion during FY'22-23. Its plans include augmenting its towel manufacturing capacity by 20 per cent to meet the growing demand from the overseas customers. The board of the company in a meeting held on Saturday approved plans to augment towel manufacturing capacity at its Anjar, Kutch (Gujarat)-based plant to 1,02,000 metric tonnes per annum (MTPA) from the existing 85,400 MTPA. "Keeping in view the recent trend of customers focus to track the entire value chain i.e., 'Farm to Shelf', the board has approved an investment in 40 looms for towel fabric at Anjar which represents 7 per cent of installed capacity," said Welspun India in a late night regulatory filing. While for its Vapi, Valsad (Gujarat) ba

Success story: Know how Ronak Chiripal is making Nandan Terry proud globally

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China Plus One sees India's textile sector stitching a revival

Industry players also indicate that following the China Plus One strategy, there is at least a 20 per cent shift of exports from that country to India

Shares of this textile company soar 44% in 2 days as Kacholia buys stake

On Friday, September 3, 2021, Ashish Rameshchandra Kacholia purchased 675,688 equity shares, representing 2.78 per cent stake of Faze Three at price of Rs 205.20 per share via bulk deal on the BSE

Immense scope to create multiple textile hubs in Bihar: Industries minister

Bihar's Minister of Industries Syed Shahnawaz Hussain said there is an immense scope to create multiple textile hubs across the state.

Textile trading comes to a standstill in Surat amid second Covid-19 wave

The second wave of the pandemic has hit the medium- and small-scale sector like a tsunami. The first of a five-part series looks at the crisis

Demand from Western markets helped Indian Textile sector stay afloat

Even during lockdown, the apparel industry witnessed a steady demand

Hit by Covid-19 pandemic, textile NPAs rose to 16.9% in December

According to the CRIF report, the total amount of credit availed by the sector as of December 2020 stood at Rs 1.62 trillion

A case for India, Bangladesh weaving new ties in textile and apparel

India could become a big market for Bangladeshi suppliers if the central government pursues this as a priority but India also has a robust apparel sector of its own, which it cannot neglect

Textile exporters asks buyers to increase prices as raw material costs rise

The textile town in Tamil Nadu exports products worth about Rs 27,000 crore

PLI for man-made fibre, setting up textile parks to boost production: AEPC

Production Linked Incentive scheme for man-made fibre and the creation of seven mega textile parks in the country will help increase production and exports of the sector, AEPC said on Wednesday.

Factory reset: Surat's textile hub weaves a revival story amid Covid-19

Severely affected by the pandemic, the businesses have made a spectacular comeback

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

Grasim Industries net profit rises 2 times to Rs 1,384 crore in Q3

All key businesses have outperformed pre-Covid operational levels

Fashion choreographer Prasad Bidapa's take on best, worst things in Budget

The best thing about the Budget is that it's citizen-centric and investment-based, a national Budget for Indians, says Bidapa

Budget 2021: Textile industry welcomes setting up 7 mega textiles park

The textile industry welcomed the setting up of 7 mega textiles parks proposed in the Union Budget 2021-22, saying this will make the industry globally competitive