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Spinning mills run on all days in Tiruppur as Jan growth brings hopes of post-pandemic revival

India's knitwear hub Tiruppur in Tamil Nadu seems to be on the path of revival Tiruppur: After weathering the twin challenges of Covid-19 pandemic and the Russia-Ukraine war, India's knitwear hub Tiruppur in Tamil Nadu seems to be on the path...

Textile maker Arvind Ltd profit declines 11.62 % to Rs 87 crore in Oct-Dec

Overall textile revenues were lower as volumes were lower especially in Denim segment, the price realisations started to trend down since Q2  New Delhi: Textile manufacturer Arvind Ltd on Wednesday reported an 11.62% decline in consolidated net profit from continuing...

Textile sector key in realising self-reliant India: Prime Minister Narendra Modi

Prime Minister Narendra Modi on Saturday said the textile sector is key in realising a self-reliant India, and added that his government is particularly focussing on skills upgradation, financial assistance and integrating the sector with latest technology. According to a...

Textile sector attracted up to Rs 27,000 crore investments: Smriti Irani

Union minister Smriti Irani said the textile sector has attracted up to Rs 27,000 crore investments since the announcement of incentive package last year, and is likely to get more investment from international and domestic markets going forward. According to...

Supportive textile policy needed to make textile industry US $300 bn market: Report

In order for the textile industry to achieve its goal of becoming a US $300 billion market by 2025, there is a need for supportive policy, and public-private partnership, especially in areas like research and development (R&D), an apex...

Fall in exports for the Home Textile segment: CRISIL

Operating profit margins of home textiles exporters is seen falling 300 basis points (bps) from this fiscal following pressure on export realisations stemming from a shift in the dynamics of US retail, and a reduction in incentives after the...

Govt, industry to chalk out 10 year roadmap for Indian textile sector

Several Union ministers, key policymakers and representatives of the global textile and apparel industry will try to thrash out the issues facing the sector at a 3-day international conference here from June 30. According to a PTI report: It will...

‘Pre-Budget Memorandum’ – retailers’ expectations

The economic growth of India has seen many turbulent times in the last year. While the first half of the year was buoyant promising nearly double digit growth, the global economic downturn did not leave the Indian economy untouched...

Indian textile and apparel industry an emerging sourcing hub according to study

The Indian textile and apparel industry is poised to emerge as a sourcing hub for global retailers, given the abundant supply of fibre, well-established production base, and cost competitiveness, according to CII – Ernst and Young Textile and Apparel...

More sops likely for garment sector

In a move to extend benefits and accelerate growth in the garment and textile sectors, the ministry is considering a 10 per cent capital subsidy in addition to the 5 per cent reimbursement on the purchase of machinery. These benefits...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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