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26% growth in textile exports to US
Textile exports to United States and Europe have registered a growth of 26 and 20 % respectively during the current year and the sector has Rs. 18,000 crore investment through various schemes of United Progressive Alliance Government said Mr. Shankarsinh...more
by Textile Intelligence
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NMCC to set up technology missions for textiles, leather and food processing
Mr. V Krishnamurthy Chairman, National Manufacturing Competitiveness Council (NMCC) on 14th Jan 2006 said that Prime Minister Dr. Manmohan Singh has accepted the principle suggestion of the NMCC to set up technology missions for textiles...more
by Textile Intelligence
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Indian Cabinet clears implementation of South Asia Free Trade Agreement
The Indian Cabinet today cleared the implementation of the South Asia Free Trade Area (SAFTA) with effect from 1st January 2006. Announcing this, Shri Kamal Nath, Union Minister of Commerce & Industry, said that the coming into force of SAFTA would be a...more
by Textile Intelligence
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Removal of differential tax
Ending their traditional rivalry, composite textile mills and independent weavers in the unorganised sector are joining hands, thanks to the removal of the tax differential between them....more
by Textile Intelligence
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India: High excise duty & raw material costs to squeeze MMF producer margins
Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more
by Textile Excellence
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India: High excise duty & raw material costs to squeeze MMF producer margins
Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more
by Textile Excellence
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India: High excise duty & raw material costs to squeeze MMF producer margins
Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more
by Textile Excellence
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India: High excise duty & raw material costs to squeeze MMF producer margins
Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more
by Textile Excellence
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India: High excise duty & raw material costs to squeeze MMF producer margins
Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report....more
by Textile Excellence
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Runaway success of Textile IPO's
The runaway success of IPOs by frontline textile firms like Provogue has seen a slew of medium and small sized textile firms rushing to the capital market to raise funds to finance their expansion-cum-modernisation designs....more
by Textile Excellence
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Indo Rama`s Butibori plant resuming normalcy.
The standoff following shooting incident at the Butibori plant of Indo Rama Synthetics on 24th Sept forced the company to close its operation....more
by Textile Excellence
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Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram
Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram. Mr Kapadia welcomed announcement of outlays of Rs.8,800 crore for National Highways, Rs.6,163 crore for enhancing the refiner...more
by Textile Excellence
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20% Capital subsidy extended to textile accessories manufacturers
The textile ministry has decided to extend the facility of 20 per cent capital subsidy provided for textile machinery...more
by Textile Intelligence
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India: Silk Trading Goes Online
India’s Minister of Textiles, Mr. Shankersinh Vaghela, launched online trading in Cocoon and Raw Silk in Mumbai today. This online trading would bring substantial benefit to the traders and manufacturers of silk and silk products as it would introduce sev...more
by TextileIntelligence
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Bangladesh’s consent to FDI in textiles attracts five Indian textile majors
The good news of the end of textile export quotas has now become even better, thanks to Bangladesh’s new policy to allow Foreign Direct Investment (FDI) in the coutnry’s textile sector......more
by Textile Excellence
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India: MoT to formulate brand-building policy on exports
The Ministry of Textiles, Government of India, is expected to come out with a policy for increasing India's market share through brand building......more
by Textile Excellence
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India US Free Trade Agreement a distant dream
Free Trade Agreement between India and USA is an impossibility as both India and USA don’t see eye to eye on trade issues”, said Mr Thomas G. Travis, Managing Partner M/S Sandler,...more
by Vikas Srivastava
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Power tariff rebate for Maharashtra's powerloom industry
As a part of slew of incentives announced for the powerloom industry, the Maharashtra government has cut down power tariff for the powerloom sector to Re 1 per unit from Rs 250 per horsepower (hp)....more
by Textile Excellence
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Now cotton farm funding by NCDEX
The National Commodities and Derivatives Exchange of India (NCDEX), which commenced live futures trading recently, has tied up with three banks for funding around 200 cotton farmers in Gujarat......more
by Textile Excellence
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TUFS extended till 31st March 2007
The Cabinet Committee on Economic Affairs on Thursday has extended the technology upgradation fund scheme that offers soft loans for modernisation of textile units by three years to March 31, 2007....more
by Vikas Srivastava
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TC's workshop for enhancing global competitiveness
In its effort to assist the Indian textile industry to become more competitive to sustain the post-2004 challenges, the Textiles Committee (TC) in association with the International Trade Centre (ITC) of UNCTAD/WTO initiated a three-year project in Septem...more
by Textile Excellence
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Indian textiles to have 12-digit coding system
In order to upgrade commercial insight that is required to counter post 2004 challenges, the Union Textile Ministry has decided to bring in a new 12-digit classification and coding system for textile and clothing products....more
by Textile Excellence
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Indiatex to enter the industry
To assist the domestic industry in responding more effectively to the trade challenges of the quota free regime, Indiatex, a new umbrella organisation would soon enter the industry....more
by Textile Excellence
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Reliance hikes polymer prices across board
Reliance Industries Ltd (RIL) has hiked polymer, polyester yarn and staple Fiber prices across the board following rise in international prices of naphtha and crude oil....more
by TextileIntelligence
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India: Reliance finds an amicable solution; RIL to remain with Mukesh
In sudden change of events, Kokilaben the mother of Mukesh and Anil Ambani and wife of late Shri Dhirubhai Ambani has helped the two brothers reach a compromise on sharing the stake in the Reliance Group of Industries, where RIL will remain with Mukesh an...more
by Vikas Srivastava
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India: Jayalakshmi Spinning Mills secures large order from Bangladesh
Sri Jayalakshmi Spinning Mills Ltd has recently bagged a large order of Rs 35 million from Bangladesh to export of 100% Cotton...more
by TextileIntelligence
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India: Bombay Dyeing to set up PSF facility
Bombay Dyeing is planning to set up a 165,000 tons per annum PSF plant at the existing Dimethyl Terephthalate (DMT) plant site. The PSF facility is expected to...more
by TextileIntelligence
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Capitalise on opportunities before it's too late!
India or China? is the topic of discussion at many of the forums lately. But it would only be wise to realise the Chinese potential and bring the relevant changes in the Indian textile Industry before we harbour feelings of toppling China or even making a...more
by Vikas Srivastava
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Reliance slashes POY and PSF prices
Reliance has slashes the price of PSF and POY, in line with the falling international crude oil prices over the past two weeks....more
by Textile Intelligence
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India: Assam Cotton Mills becomes subsidiary of Kesoram Industries
Assam Cotton Mills becomes subsidiary of Kesoram Industries......more
by Textile Excellence
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India: Modern Mills sets-up new company in Hong Kong
India’s Modern Mills has established a wholly owned subsidiary in Hong Kong......more
by Textile Excellence
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Reliance/Trevira prior notification of a concentration to the EC
EC on preliminary examination has found that the notified concentration could fall within the scope of Regulation (EC) No 139/2004, it has invited interested third parties to submit their possible observations on the proposed operation to the Commission....more
by Textile Excellence
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Modern Mills sets-up new company in Hong Kong
Modern mills of India has established a wholly-owned subsidiary in Hong Kong to carry out trading, import and export activities in the textiles and other commodities....more
by Textile Excellence
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INDIA: ING Vysya to fund the textiles sector
ING Vysya Mutual Fund is offering India’s first fund, exclusively focussing on the textiles and the pharmaceutical sector. This is an effort to take advantage of the opportunities resulting from the dismantling of the quotas....more
by Textile Excellence
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India: Port congestion in Mumbai brings operations to a standstill
Congestion of Naha Seva, the country’s leading port outside Mumbai has led to serious losses to the exporters. The industry is estimated to lose at least Rs 800 crore a month due to delayed shipments....more
by Textile Excellence
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India: Reliance hikes Petrochem prices
Reliance Industries ltd.has raised the prices of petrochemicals for August between 4.5 per cent and 9.5 per cent....more
by Textile Excellence
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India: Zodiac acquires Dubai based shirt maker
With a view to sharpen its competitive edge in the quota-free regime, the Mumbai-based Zodiac Clothing Company has acquired a Dubai based shirt-maker for Rs. 25 crore......more
by Textiel Excellence
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TC to organise training on testing textile mechanical parameters
Textiles Committee (TC) is organising training programmes for the testing of mechanical parameters of textiles by adopting the latest American ASTM standard methods......more
by Textile Excellence
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Reliance to acquire Trevira for €80m
Reliance Industries Ltd (RIL) an Indian multi industry group is all set to acquire a German based polyester company Trevira from DB Investor, a subsidiary of Deutsche Bank, for €80 million...more
by Textle Excellence
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Puma to strengthen sourcing from India
After Wal-Mart, JC Penney, Fishman & Tobin and M&S, it is now the turn of Puma to reveal its plans to intensify its outsourcing activities from India......more
by Textile Excellence
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Govt to promote technical textiles
According to a study conducted by Tata Economic Consultancy Services (TECS), the global technical textiles market is expected to grow from Rs. 19700 crore in 2003-04 to Rs. 36100 crore by 2007-08....more
by Textile Excellence
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Indian textile firms weave high-growth
Despite a dominating Chinese presence, India managed to put in good export performance in the developed markets of the US and Europe. Export is expected to grow this year....more
by Textile Intelligence
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Initiate futuristic policies for textile sector in 2006!
The industrial sector of India, as well as its textile industry is again looking up for a supportive Budget for the year 2006-07. As the pre-budget memorandum from the concerned bodies have already reached the Finance Ministry with recommendations and exp...more
by Textile Intelligence
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Textile Association of India, Mumbai elects new President and Vice President
The 54th Annual General Body Meeting of The Textile Association (India) was held on 30th August 2005, at Century Bhavan Auditorium...more
by Textile Excellence
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'Outcome Budget' is a welcome step towards transparency: IMC
Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram....more
by Textile Excellence
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India: Sarla Polyester to invest US$ 500,000 in Honduras
sarla polyester Ltd has revised its investment plan in SAVITEX S.A. de C.V. in Honduras....more
by Textile Intelligence
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India: SRTEPC Export Award Function - Chairman urges to resolve 80HHC issue
At the export award function Mr Rakesh mehra chairman SRTEPC urged Union Minister of Textiles to resolve the serious problems the exporters face including the problem of 80HHC....more
by Textile Intelligence
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India: CII urges for reduction of excise duty on PFY
In a pre budget recommendation CII has asked for reduction in excise duty on polyester filament yarn to 16 per cent from the current 24 per cent....more
by Textile Intelligence
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Indian textile machinery sector set to witness record growth
After being dormant for nearly years now, the Indian textile sector is waking up to the opportunities in the post quota regime......more
by Textile Excellence
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India: Oxemberg forays into apparel
Oxemberg the flagship brand of Siyaram Silk Mills Ltd., has entered the branded jeanswear market......more
by Textile Excellence
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India: CCI gives a dividend of Rs 5 crore to the Ministry
The Cotton Corporation of India (CCI) Ltd. has handed a cheque of Rs. 5 crores to the Textiles Minister Shankersinh Vaghela as dividend for 2003-04......more
by Textile Excellence
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India: Demeger of Vardhaman Group’s textile division, on cards
Punjab-based Vardhaman Spinning & General Mills will demerge its textile division into Mahavir Spinning Mills - a group company....more
by Textile Excellence
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India: Textile mills disappearing at an alarming rate
India’s textile sector, which plays the role of country’s second largest employment provider, has been witnessing a rapid rise in the number of mills that are opting to shut down......more
by Textile Excellence
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India: Silk products to bear a quality mark
The silk Mark Organisation Of India (SMOI), a newly registered body, has launched a quality symbol identifying pure silk products to be marketed in the domestic and global markets......more
by Textile Excellence
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India: Arvind Mills planning a homecoming
The Ahmedabad-based denim major, Arvind Mills has decided to shift back its operations from Mauritius to India....more
by Textile Excellence
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India: Govt exploring ways to strengthen cotton industry
Mr Shankersinh Vaghela, Union Minister for Textiles said that the government, aware of the immense potentials held by the cotton sector, was taking serious steps to strengthen the cotton economy in all aspects......more
by Textile Excellence
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India: Spinners demand extension of sops to synthetic fibre segment
The Indian Spinners Association (ISA), the apex users body of man-made fibre (MMF) segment of the textile industry, has strongly demanded reduction in excise duty to eight per cent from 16 per cent on MMF....more
by Textile Excellence
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TC undertakes textile development projects in Tirupur
Textiles Committee (TC) has signed and MoU with GTZ-Proclima, an NGO from Germany for phasing out the use of CTC......more
by Press Release
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India: Mills enter agreement to import 6 lakh bales of cotton
Several spinning mills in the country have tied-up contracts to import at least 6 lakh bales of cotton......more
by Textile Excellence
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India: Raymond to offer new shirting range
Post-monsoon, Raymond Apparel Ltd., makers of menswear, would offer a range of shirts to correspond with its range of Raymond and Park Avenue suits.......more
by Textile Excellence
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India: CMAI considers optional excise proposal as bold and encouraging
The Clothing Manufacturers’ Association of India (CMAI) has complemented the Finance Minister for his bold proposal of making the payment of excise duty optional throughout the textile chain......more
by Aditi Gangavkar
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TC moves to a new office
Furnished with centralised ultra-modern facilities for industry benefits, the Textiles Committee’s new building brings the entire range of TC’s industry support services under one roof......more
by Aditi Gangavkar
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"Govt will provide the necessary impetus to the industry”: Vaghela
"The growth of India's apparel exports is certain, if there isn't much of government interference", said Hon' able Union Minister, Textiles Shri. Shankersinh Vaghela at a felicitation programme held by the Confederation of Indian apparel Exporters (CIAe)...more
by Aditi Gangavkar
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India: Cotton exports could reach an all-time high
According to Indian cotton Mills Federation’s (ICMF) Secretary General Mr D K Nair, the Indian cotton is passing through a unique phase, despite the tight supplies......more
by Textile Excellence
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India: NIFT Mumbai highlights productivity to gain competence
The Garment Manufacturing Technology Department of the National Institute of Fashion Technology, Mumbai, organised a half-day seminar on ‘Achieving Global Competitiveness Through Productivity Gains’......more
by Aditi Gangavkar
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India: Sourcing raw materials from China to maximise realisation
Some of the Indian textile majors have started to source cheaper raw material from china to offset losses accruing due to appreciating rupee....more
by Textile Excellence
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SEZ benefits requested by apparel exporters
Apparel exporters have demanded tax benefits on par with Special Economic Zones (SEZs)to meet the impending post 2004 challenge....more
by Textile Excellence
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India: Textile industry to have improved loan facilities
Several banks are mulling over the idea of providing the industry players with relatively convenient loan facilities......more
by Textile Excellence
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India: CIAe’s views on the Interim Budget
Expressing his views on the budget, Mr. Amit Goyal, the President of Confederation of Indian apparel Exporters (CIAe) said “The Budget being interim, no major policy decisions were expected.....more
by Press Release
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Flagging disappoints Exporters: CIAe
Mr. Amit Goyal, President of the Confederation of Indian apparel Exporters (CIAe) has expressed disappointment at the AEPC's move of flagging the country's apparel exporters......more
by Textile Excellence
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SRTEPC asks for hike in quota for exports
Being aware of the huge export potential that Indian synthetic and rayon textiles have in the United States market, the Synthetic and Rayon Textiles Exports Promotion Council (SRTEPC) has requested the Ministry to raise the quota catering to the export ne...more
by Textile Excellence
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Textile Funds bring some cheer to the small units
If the industry sources are to be believed, the Technology Upgradation Fund scheme (TUFS) has been of little benefit to the small units of the industry. The prime reason for this is the ineligibility of looms as against the requirements of TUFS......more
by Textile Excellence
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Tex Comm. highlights need to boost cotton yield
cotton is losing ground to other fibres and its share in the country over the past decade has come down from 69% to 55%", Textile Commissioner Mr. Subodh Kumar......more
by Textile Excellence
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Chinese textile machinery to make its way into India
As the textile machinery manufacturers from Germany, China and Korea bet high on Indian industry, taking advantage of the post quota period, the indigenous machinery manufacturers are losing out due to the delay in delivery. Therefore units in India prefe...more
by Textile Intelligence
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Domestic textile companies spreading acquisition footprint in West
In the backdrop of shift in production facilities to Asian countries, more and more domestic countries are looking to acquire units in countries which will improve their margins and give them increased access to international markets....more
by Textile Intelligence
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Portico launches premium home textile collection for festive season.
Portico, the home decor and furnishings brand launched its new premium home textile collection for the festival season last week. The latest collection offers innovative & contemporary designs with extensive use of rich and bold colors combined with feel...more
by Textile Excellence
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GHCL to buy home textile companies in US and Europe
Gujarat Heavy Chemicals Ltd (GHCL) is eyeing on overseas acquisitions of US and Europe based companies dealing in home textiles....more
by Textile Intelligence
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Grasim to enter cotton textiles
Grasim Industries to enter in to cotton textiles as reported recently....more
by Textile Intelligence
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ICICI Venture invests Rs 425 million in Sangam India
ICICI Venture Funds has recently announced that it has invested Rs 425 million in Sangam (India) Ltd....more
by Textile Intelligence
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Take measures to control escalating yarn prices: M Senthil Kumar
The price increase has completely taken aback the fabric manufacturers, as they are neither in a position to produce fabrics at reasonable prices nor they could draw out their future production plans in view of the uncertainties caused....more
by PDEXCIL Press Release
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US imports of textile and apparel up 27% to $4.6 billion
According to Office of textiles and Apparels (OTEXA), the first year of the non-quota regime for textiles has seen Indian exports to the US grow by 27 per cent year on year, to $4.6 billion (Rs 20,425 crore), while China’s exports to the US in the same pe...more
by Textile Intelligence
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Indian exports to US grows at record 22%
Export of Indian textiles and clothing has grown by a record 22% in volumes. Initial reports from the US Office of textile and apparel (OTEXA) clear reflect a boost to Indian textile industry, in the post quota period....more
by Textile Intelligence
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Textiles Committee authorised for issuing Certificate of Origin
Over Rs 1,500 crore in debts have been cleared by mill owners under the Development Control Regulations 58 of 2001. According to a Mill Owners' Association (MOA) press release, there are arrears of Rs 3,000 crore due towards salaries,...more
by Textile Excellence
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SRTEPC expresses concern over decline in exports
Despite India being the fourth largest producer of MMF, its share globally is insignificant and above all the exports are declining too....more
by Textile Excellence
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AEPC submits proposal for two apparel R&D centres
The Apparel Export Promotion Council (AEPC) has submitted a proposal to the Union government for setting up two Apparel Research and Development Centres (ARDCs) in the country....more
by Textile Excellence
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Indian clothing export to EU up, but textile dips
India's clothing exports to EU have reached 1.3 billion Euro, which is an increase of 14 per cent...more
by Textile Intelligence
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Ventura Textiles bags export orders worth Rs 300 mn from USA
Ventura Textiles Ltd has received export orders of Rs 300 million from USA recently,...more
by Textile Intelligence
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Ventura Textiles bags export orders worth Rs 300 mn from USA
Ventura Textiles Ltd has received export orders of Rs 300 million from USA recently,...more
by Textile Intelligence
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India: RMG exports grew by 14.21% for April-Dec 2004
Ready made garments to restricted countries during April-December 2004 amounted to 846.9 million pieces valued at US$ 3,609.6 million, representing an increase of 8.38 per cent in terms of volume but 14.21 per cent in terms of value, when compared to the...more
by Textile Intelligence
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India: Synthetic, rayon textile exports may fall short of target
Indian Synthetic and rayon textile exports will perhaps not achieve this fiscal''s target of $2,200 million....more
by Textile Intelligence
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Exporters worried over shipments overcrowding at JNPT
congestion on major ports like Jawaharlal Nehru Port Trust (JNPT), together with several procedural changes have been creating discomfort amongst the textile exporters.....more
by Textile Excellence
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Reduction in DEPB rates to affect exports of synthetic textiles: SRTEPC
The abrupt and downward revision of DEPB rates on 9thFebruary would result in immense cash loss to the exporters and adversely affect the exports, observed Shri Rakesh Mehra, Chairman, SRTEPC....more
by Press Release
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Synthetic and Rayon textiles exports rise by 48%
According to the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), synthetic and rayon textiles exports increased by 48 per cent in September 2003....more
by Textile Excellence
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Garment exports to EU indicates growth
Statistics reveal that while India's export of ready-made garments to the European Union (EU) have ascended by almost 24.59 percent in value terms its exports to the US fell by 10.75 percent....more
by Textile Excellence
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Quota free trade may not help cotton textile exports
According to a senior official of the Cotton Textile Promotion Council, the quota-free regime from January `05 may not benefit Indian Cotton Textiles export to a great extent as the developed countries may continue to impose non-quota barriers...more
by Textile Excellence
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Home textiles present huge opportunity after garments
Home furnishing is being the next big opportunity after garments for textile players....more
by Textile Excellence
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Indo Count unveils Rs 163 crore outlay for Home textiles project
The shareholders of Indo Count Industries Ltd., a 100% Export Oriented Unit (EOU) and a leading spinning & knitting company, approved a diversification into table linen, bed linen, curtains and made-ups...more
by Textile Excellence
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GretagMacbeth announced the release of Color iMatch
GretagMacbeth today announced the release of Color iMatch textile color formulation software. Color iMatch streamlines color development in two key areas by obtaining accurate color and effective recipes...more
by TextileIntelligence
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Welspun announces major expansion plan.
Welspun India Limited announced a major expansion plan at its Anjar site, Gujarat....more
by Textile Excellence
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India: Reliance Energy plans to acquire 25 per cent stake in Gini & Jony
The investment arm of Reliance Energy plans to acquire 25 per cent equity stake in kidswear firm Gini & Jony. However, details on how much the investment will cost is not known....more
by Textile Intelligence
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India: Raymond to further enhance its Denim Capacity by 10 million meters
Raymond Ltd, the leading Textile & Apparel Company and a leading denim player in the country, on March 31, 2005 has announced further expansion of its denim manufacturing capacity by 10 million meters per annum....more
by Textile Intelligence
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India: JBF Industries may take up expansion & modernization of Polyester plant
The board of Directors of JBF Industries Ltd would meet on January 28 to discuss the possible Expansion and modernization of Polyester...more
by TextileIntelligence
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India: Cotton Corporation of India sets new record of Cotton procurement
Cotton Corporation of India (CCI), a leading Cotton procurement body in the country has reportedly procured record Cotton for the current year. In a year that saw record production of Cotton, the CCI has so far purchased 555,630.1 mt of Cotton equivalent...more
by TextileIntelligence
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India: Banswara Syntex to set up a new Cotton plant
Banswara Syntex Ltd has approved setting up of a new cotton plant at Banswara......more
by Textile Excellence
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India: Omnitex Industries India to diversify into Geotextiles products and services
Omnitex Industries India Ltd has revealed plans to diversify into Geotextiles/ Geosynthetic products and services......more
by Textile Excellence
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Carerra of US plans US$130 million textile project in India
Carrera Holding Inc (CHI) of US is investing US$130 million in setting up engineering plants to......more
by Textile Excellence
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India: Mahavir Spinning Mills to set up a 725 crore unit in MP
Ludhiana-based Mahavir Spinning Mills – a part of the Oswal Group - has approached Madhya Pradesh’s industry department with proposal to set up a 725 crore composite textile unit in the state......more
by Textile Excellence
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India: Raymond to boost its production capacity
Raymond Ltd., India, has unveiled plans to set up a new shirt factory in Bangalore, and have an additional trouser line at its existing facility in the city......more
by Textile Excellence
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Reliance to set up a new plant; add 210,000 tons to its annual capacity
Relaince has assigned Germany’s AG Zimmer to set up a polyester staple fiber plant at Hazira, Gujarat (India)......more
by Textile Excellence
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Temporary closure of Grasim’s VSF and pulp plants in Karnataka
Shortage of water in the Tungabhadra canal system has forced Grasim Industries to temporarily shut down its operations at its pulp and viscose staple fibre (VSF) plants.....more
by Textile Excellence
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PDEXCIL chairman calls for yarn price stabilising measures
Shri M Senthil Kumar, Chairman, Powerloom Development and Export Council (PDEXCIL), expressed his deep concern on the recent upsurge in the prices of the cotton yarns in various production centres...more
by Textile Excellence
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1st Quarter Exports of Synthetic and Rayon Textiles up by 21 per cent
Exports of Synthetic and Rayon textiles has registered a growth since the start of this financial year and this trend is continuing further showing a growth of 21% in US Dollar term in the first quarter of the financial year 2003-04...more
by Textile Excellence
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Cotton cultivation to increase by 12 Percent
According to an estimate by the Cotton Corporation of India (CCI) during 2003-04 India's cotton cultivation is expected to surge 12 percent to around 85 lakh hectares....more
by Textile Excellence
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Reliance's Polyester Fiber output increases
Reliance Industries (RIL), the world's largest producer of polyester fiber and yarn, has reported a net profit of almost Rs. 66 billion (US$1.46 billion) for the nine months ended on December 31, 2005....more
by Textile Excellence
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Indian textile companies on a roll
Jaybharat Textiles and Real Estate Ltd, a flagship company of Saurabh Kumar Tayal Enterprises has recorded impressive Q3 results. The company achieved net sales of Rs 520.6mn during Q3 ended 31st December 2005 as against net sales of Rs 169.9mn during...more
by Textile Intelligence
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Indian textile industry booming with rising exports
After the elimination of textile quotas the prices of textile shares, in the Indian bourses, have risen drastically. Companies like Arvind Mills, Aarvee Denim, Gokaldas Exports, and Mahavir Spinning have all gained from this situation....more
by Textile Intelligence
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Indo Rama Textiles PAT up by 57% for Q2 05-06
Indo Rama Textiles Ltd. (IRTL), today announced its financial results for the quarter ending September 30, 2005...more
by Textile Excellence
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Sutlej Industries to transfer Textile activities
The Rs 525-crore Sutlej Industries Ltd, a member of the K.K. Birla Group of companies, has decided to transfer all its textile activities into a wholly owned subsidiary, which has been named Sutlej Textiles and Industries Ltd....more
by Textile Excellence
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Grasims' fiber division receives 2004 Stockholm Industry Water Award
Grasim Industries fibre division has received the prestigious 2004 Stockholm Industry Water Award at a glittering ceremony of the Global World Water Meet....more
by Textile Excellence
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Alok Industries earning grew to Rs. 12308.7 million in FY 2004-05
Alok Industries Ltd has posted substantial jump in its audited financial results for the year ended March 31, 2005....more
by Textile Intelligence
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Bombay Dyeing resumes DMT plant operation
Bombay Dyeing has restarted its DMT plant at Patalganga, which was suspended owing to the disruption of MSEB power supply...more
by Textile Intelligence
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Grasim’s VSF business down in Q1 2005
Grasim’s Viscose Staple Fiber (VSF) business exhibited a subdued performance during the first quarter of 2005-06. Company’s capacity utilization came down to 82 per cent compared to 94 per cent...more
by TextileIntelligence
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India: JBF Industries posts growth of 150% on net profit
JBF, a leading manufacturer of Polyester fiber raw material and Polyester Yarn, reported a 150 percent growth in net profit for the first quarter of 2005-06. JBF registered a turnover of Rs 1918.8 million compared to Rs 1666.8 million in corresponding...more
by TextileIntelligence
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Arvind Mills raised $37.19 million through GDR
Arvind Mills Ltd has raised US$ 37.19 million through the issue of 13.5 million Global Depositary Receipts (GDRs) and a further 5,00,000 GDRs have been allocated as green-shoe option. ICICI Securities and ABN AMRO...more
by TextileIntelligence
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Flood disrupts operations at Shri Dinesh Mills
Due to heavy rain and flood in the state of Gujrat forced to halt operations at Shri Dinesh Mills Ltd, Baroda between June 30th and July 03...more
by TextileIntelligence
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Suryalata Spinning Mills - Expansion Plans
Suryalata Spinning Mills has proposed to increase the spindle capacity of the company by setting up two new units one in Andhra Pradesh and another in Maharashtra, with a capacity of 25,000 Spindles each...more
by TextileIntelligence
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India: The Shirt Company plans IPO
The garment exporter and licensee of Barbie in India is hoping to raise Rs 45 crore from the market to set up a textile processing mill and garment unit in Navi Mumbai....more
by Textile Intelligence
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India: The Shirt Company plans IPO
The garment exporter and licensee of Barbie in India is hoping to raise Rs 45 crore from the market to set up a textile processing mill and garment unit in Navi Mumbai....more
by Textile Intelligence
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India: Shivalik Prints is coming up with IPO
SPL Industries Limited, a leading manufacturer and exporter of knitted apparel, is in the process of expanding its production capacity and entering woven apparel and home textiles manufacturing. Company has already placed orders for some of the machinery...more
by TextileIntelligence
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Paxar Corporation to acquire remaining 50% share in the JV in India
Paxar Corporation announced today that it formed Paxar India Pvt Limited by acquiring the remaining 50% of a joint venture located in Bangalore, India. The company is a service provider of apparel identification products, including woven,...more
by TextileIntelligence
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India: Provogue planning 40 more outlets
Garment manufacturer and retailer Provogue India planning to add 40 new Provogue outlets and 21 mega stores of 5,000 square feet each...more
by TextileIntelligence
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Raymond to set up a JV with Lanificio Feroda of Italy
Raymond Ltd plans to set up a 50/50 JV with Italian woolen fabric manufacturer Lanificio Feroda according to the company. The total cost of the venture, including for expansion...more
by TextileIntelligence
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Filatex India to increase in POY spinning capacity
Filatex India Ltd, a manufacturer of Polyester and PP yarn in the country has decided to go for backward integration and put up a 300 MT per day capacity...more
by TextileIntelligence
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Bombay Dyeing posted a profit of Rs. 265.6 million in FY-2004-05
Bombay Dyeing & Manufacturing Company Ltd has posted a net profit of Rs 265.60 million for the year ended March 31, 2005 as compared to Rs 535.00 million...more
by TextileIntelligence
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India: Madura Grament's revenue grow over 20 percent
Madura Garments, the garments division of Indian Rayon has maintained its market leadership for the financial year 2004-05. Its revenues has grown by 20.6 per cent to Rs. 4724 million against Rs. 3916.8 million in the previous year...more
by Textile Intelligence
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India: Reliance’s new State of the art Fiber Application Centre at Patalganga to help down stream industry
Reliance Industries Ltd alongwith Rieter Machine Works has established a state of the art Fiber Application Centre at Patalganga in India to help the down stram Indian Textile Industry....more
by Textile Intelligence
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India: Century Enka’s sales increases, profit dips
Century Enka’s total income increased to Rs. 9684.1 million for the financial year 2004-05 compared to Rs.8214 million in 2003-04....more
by Textile Intelligence
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Clariant India board recommends dividend
Clariant (India) Ltd’s board of directors have recommended final dividend of Rs 6 per equity share for the year ended March 31, 2005 to be paid on 1,19,25,000 equity shares of Rs 10/- each....more
by Textile Intelligence
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India: Century Textile’s profit soars
Century Textiles has posted a net profit of Rs 1096.30 million for the year ended March 31, 2005 as compared to Rs 765.90 million for the year ended March 31, 2004...more
by Textile Intelligence
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India: ‘Janaksons Overseas’ adds another feather in its cap
Last year the company has added a feather in its cap - Alok Industries Ltd., Mumbai have ordered the most cost-effective Waste Water Treatment Plant and Recovery Plant from Simem, Italy....more
by Textile Intelligence
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India: Reliance Industry’s production volume of PSF PFY increased 12% for 2004-05
Reliance Industries Ltd. has announced its audited results for the year ended March 31, 2005. RIL has recorded a turnover of Rs. 73,164 crores (US$16,725 million). Witnessing a net profit of Rs. 7,572 crores (US$ 1,731 million), highest in the private sec...more
by Textile Intelligence
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India: International HomeTex to commission Nylon Yarn plant by August 2005
International HomeTex Ltd.the India based terry towel manufacturer and exporter is coming up with a Nylon Yarn Plant in Mahad, Maharashtra, which would be commissioned in August 2005....more
by Vikas Srivastava
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India: IKB sanctions Euro 74 million to Indo Rama for capacity enhancement
Indo Rama Synthetics (I) Ltd. (IRSL), India's largest dedicated polyester manufacturer announced the signing of a long-term loan of Euro 54 million. IRSL has been sanctioned this loan from IKB Industriebank Aktiengesell-schaft, Düsseldorf, Germany through...more
by Textile Intelligence
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India: Indo Rama’s complete business outlook
Indo Rama has witnessed a profit on tax in the quarter ending Dec 31st 2004 and also is very strong on the overall business front despite interim challenges....more
by Textile Intelligence
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India: Reliance acquires SM Dyechem's glycol unit
Reliance Industries Ltd has bought assets of SM Dyechem's glycol division from IDBI...more
by Textile Intelligence
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India: Hanil Era plans Rs 50-cr expansion programme
Export house Hanil Era Textiles is investing Rs 50 crore in a modernisation-cum-expansion programme to take advantage of the brighter prospects in a quota-free regime....more
by Textile Intelligence
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Rajasthan Spinning & Weaving Mills to acquire Jaipur Polyspin
Rajasthan Spinning & Weaving Mills Ltd (RSWM), a leading integrated player in the textiles sector in India today announced acquisition of Jaipur Polyspin Ltd (JPL), a synthetic yarn manufacturing company based in Rajasthan, India....more
by Textile Intelligence
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Indian Rayon's sales for Q2 increase 9 percent
Indian Rayon has registered a 9% increase in its sales for the second quarter ended 30 September 2004......more
by Textile Excellence
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India: Reliance' Q2 profits surge
The Petrochemical and polyester giant Reliance Industries Ltd, has posted second quarter net profit of Rs. 17.5 billion as against Rs12.6 billion recorded for same period of last year......more
by Textile Excellence
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Indo Rama Synthetics posts a Rs 259.60 million net profit for Q2
Indo Rama Synthetics Ltd has recently announced that it has posted a net profit of Rs. 259.60 million for the quarter ended September 30th 2004......more
by Textile Excellence
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India: Welspun bags JC Penney award
Welspun India’s terry towels’ segment has been honoured with JC Penney’s “Operational Excellence Award" for 2003......more
by Textile Excellence
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Lakshmi Mills restructuring
Lakshmi Mills Co. Ltd. Has announced that, as part of a restructuring exercise, the company would shift part of its machinery from Singanallur unit to its Kovilpatti facility....more
by Textile Excellence
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Grasim Shuts VSF plant due to flood
Floodwater has forced the world’s largest viscose fiber producers Grasim Industries’ unit at Kharach in the western state of Gujarat to be shutdown on 4th of August...more
by Textile Excellence
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Reliance Picks Barmag for Polyester Filament Equipment
Reliance Industries Ltd., India’s largest company and one of the world’s largest manufacturers of polyester filaments and fibers, has selected Barmag as its partner for its expansion projects (approx. 300,000 tpa) in their polyester POY and polyester FDY...more
by Textile Excellence
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India: Super Tex bags Best Export Performance award
Super Tex Industries, manufacturer of Aprons and Cots, has bagged an award for its Best Export Performance in SSI sector......more
by Textile Excellence
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India: Reid and Taylor likely to post Rs 170 crore sales
S Kumars Nationwide Ltd’ (SKN) brand Reid and Taylor is geared up to add Rs 10 crore to its last year’s sales figure of Rs 160 crore ......more
by Textile Excellence
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Zodiac witness 184% rise in net profit for FY04
The profit has risen from Rs 3.18 crores for the year 2003 to Rs 9.03 crores for the year ending March 31st 2004....more
by Textile Excellence
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India: Raymond discusses alliance with FY Weiss
If the industry sources are to be believed, a strategic alliance between Mumbai-based textile major Raymond and European worsted fabric producer FY Weiss is a near future possibility......more
by Textile Excellence
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ICICI venture acquires 14.5 per cent stake in Welspun India
ICICI Venture Funds Management Company Ltd has acquired 14.5 per cent equity stake in Welspun India Ltd for a consideration of Rs 75 crore, according to a company official...more
by Textile Excellence
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Modern Mills Shuts Yarn Unit
Modern Mills Ltd.has informed the Bombay Stock Exchange about the closure of its yarn manufacturing unit at Mahalaxmi, Mumbai, with immediate effect on Feb 27, 2004...more
by Textile Excellence
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Modern Mills to fold up Mumbai yarn plant operations
The yarn manufacturing unit of Modern Mills located at Mahalaxmi, Mumbai (Bombay),India, would soon pull down its shutters......more
by Textile Excellence
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Singer diversifies into industrial machines market
Singer India, which has been synonymous with sewing machines, has embarked on a major diversification exercise by foraying into industrial machines market....more
by Textile Excellence
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India: Raymond to invest Rs. 2.11 bn for expansion
Raymond is expanding its denim unit at Yavatmal, Maharashtra and establishing two new factories by investing a total of Rs. 2.11 billion......more
by Textile Excellence
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Indus to diversify under Lee Cooper
Indus Clothing Ltd (Indus), the exclusive licensee for UK-based Lee Cooper is planning to diversify under Lee Cooper and is appointing distributors in SAARC countries to sell India made Lee Cooper clothes....more
by Textile Excellence
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Arvind Mills all decked to meet 2005
As the quota free regime is approaching, Arvind Mills is all decked to hit it big this time....more
by Textile Excellence
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JK Synthetics to dispose off closed polyester units
Moving ahead with its restructuring exercise to repay its domestic debt worth Rs. 500 crore, JK Synthetics has decided to put its Kota and Jhalwar plants on the market....more
by Textile Excellence
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Govt sets US$ 16.3 billion export target for cotton clothes
Keeping the last years exports of cotton clothes in mind Textile Minister said keeping the last years performance in mind the Government has set an ambitious target of US$ 16.3 billion for the export of Cotton clothes....more
by Textile Excellence
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1st Quarter Exports of Synthetic and Rayon Textiles up by 21 per cent
Exports of Synthetic and Rayon textiles has registered a growth since the start of this financial year and this trend is continuing further showing a growth of 21% in US Dollar term in the first quarter of the financial year 2003-04 (April-June 2003)....more
by SRTEPC- Press Release
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Promoters of 'Killer' sell stakes to raise funds
The promoters of Kewal Kiran, the makers of the popular denim brand Killer, are planning to offload a minority stake to raise funds for expansion plans....more
by Textile Excellence
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Grasim to buy textiles from China, S Korea
The popular concept of outsourcing has now caught Grasim's eye! Grasim, the Aditya Birla group's brand that includes polyester viscose, lycra and other polyester-grade fabrics in its portfolio, has decided to import......more
by Textile Excellence
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Welspun India plans to expand overseas operation
Welspun India Ltd. flagship of the Rs.2000-crore Welspun Group, is planning to expand its business overseas. In order to take advantage of business opportunities Welspun is planning a joint venture or 100 per cent subsidiary in Europe....more
by Textile Excellence
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Levi Strauss to market accessories under Dockers brand
Levi Strauss has expanded its offerings in India by foraying into the accessories segment....more
by Textile Excellence
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Century's focus reverts back to the domestic market
Century Textiles and Industry Ltd has decided to revert his focus on the domestic market......more
by Textile Excellence
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Madura Garments Revamps the top management
The AV Birla group's Madura Garments, has overhauled its management structure with restructuring of duties and creation of new domains for strategic initiatives....more
by Textile Excellence
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India's SRTPEC staged textile show in Sri Lanka
The Indian Synthetic and Rayon Textile Export Promotion Council (SRTPEC) has staged the 4th Indian Textile Show in Colombo on Jan. 11-12. The exposition showcased India's capabilities and products in the fields of synthetic textiles, fiber, yarn and made-...more
by Textile Excellence
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CEAM to organize seminars & interactive sessions for Indian Manufacturers
CEAM Group International (Northern Milanese Export Consortium) of Italy is planning a series of seminars at three centres in India....more
by Textile Excellence
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TC’s inception workshop in Bangalore
Textiles Committee, is organising a workshop on “Strategies and Preparedness on Trade and Globalisation for Textiles and Clothing Sector” on 2nd September 2005....more
by Textile Excellence
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INDIA ITME - 2004: Estimated business transacted Rs 3500 – 5000 crore
The INDIA ITME - 2004 Exhibition has been a huge sucess and the estimated business transacted has been anywhere between Rs 3500 - 5000crore...more
by Vikas Srivastava
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India: TAI (Mumbai) to hold textile conference in December
With the onset of 2005, India - the 4th largest economy of the world - will be a part of an integrated global economy......more
by Textile Excellence
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Indo-China trade witness a paradigm shift
The upcoming Guangdong Product Exhibition in Mumbai promises to be an eye opener for both the indian as well as the Chinese manufacturers, simply for the latent scope of cooperation that will be explored....more
by Vikas Srivastava
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Indian Apparel Contract begins in Mumbai
The Indian Apparel Contract (IAC) kicked off today at the World Trade Centre, Mumbai....more
by Aditi Gangavkar
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Heimtextil India 2004 to be held in Mumbai
Heimtextil India 2004 - Asia’s leading trade fair for Home and Household Textiles and Accessories - will be held at the Bombay Exhibition Center from October 10th to 13th....more
by Textile Excellence
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India: TRA’s Joint Technological Conference on 26th-27th Feb
The 45th Joint Technological Conference of ATIRA, BTRA, NITRA and SITRA will be held in Mumbai on 26th and 27th February 2004......more
by Press Release, BTRA
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India: “Tantavi 2003” showcases fabrics with a class!
Tantavi-2003’ - an exhibition featuring innovative handloom fabrics was inaugurated on 4th January 2004, at Coomarswami Hall, Mumbai....more
by NCTD, Press Release
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International Exhibition of Textile Machinery: ITM 2004, Istanbul
Tekstil Teknoloji Magazine, which has offered the formation of healthy investments and perception of the technology right for nearly ten years and Teknik Fuarcilik Company are jointly organizing the International Textile Machinery Exhibition......more
by Textile Excellence
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Workshop cum Counseling for textile SMEs
Export Marketing for Indian Textiles and Clothing, a Workshop cum Counselling programme for the textile and clothing manufacturers and traders has been organized by the Textiles Committee......more
by Textile Excellence
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Ashish Soni to promote 'Incredible India' at New York Fashion Week
Indian fashion designer Ashish Soni is gearing up to promote "Incredible India" in his first outing at the New York Fashion Week (NYFW) next month....more
by Textile Excellence
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Bombay Rayon Fashions plans IPO
Bombay Rayon Fashions Ltd has chalked out an expansion plan involving an investment of Rs 161 crore....more
by Textile Intelligence
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Indian Handloom sector in limelightdue to increase in global demand.
The demand for Handloom in the global is market is increasing sharply, also this situation is without any comptetition from other countries. In respect of this emerging trend the Handloom sector in the country has set its eye on US$ 50 billion exports by...more
by Textile Excellence
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India: Sugan Trends plans additional 'Special Editions' stores
Sugan Trends, a wing of Chennai-based S&Y Mills Ltd is planning to open additional 10 outlets of its multi brand men's retail outlets branded 'Special Editions'......more
by Textile Excellence
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India: DHL - CIAe holds 5th International Fashion Awards Nite in Mumbai
Committed to its task of honouring the best of apparel & Fashion Industry, the Confederation of Indian apparel Exporters (CIAe) together with DHL had organized its 5th International Fashion Awards Nite......more
by Aditi Gangavkar
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India: Madura Garments launch ‘Intelligent Garment’
Madura Garments has launched 'Intelligent Garment' under its premium corporate brand, Van Heusen.......more
by Textile Excellence
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India: Benetton plans to introduce 12 new stores by 2007
Benetton would spice up its mega-store strategy in India......more
by Textile Excellence
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Sara Lee keen to increase sourcing from India
The US$6.5 billion Sara Lee Branded Apparel is looking at India as a key sourcing destination as well as a potentially huge market for its brands......more
by Textile Excellence
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India: Mattel Toys launches ‘Barbie Concept Store’ at Pantloons
Mattel Toys (I) Pvt Ltd have launched ‘The Barbie Fantasy Tales Princess Collection' and a first of its kind ‘Barbie Concept Store’ at Pantloons in Mumbai....more
by Vikas Srivastava
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Lacoste launches a new flagship store in Mumbai
Lacoste, the Premium French Apparel brand has opened its new International format ‘Flagship’ store at Phoenix Mills, Mumbai....more
by Aditi Gangavkar
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NIFT’s Design Collection 2003 – A fashion delight
Glamour was undoubtedly at its best at the Design collection 2003 – the first ever graduation show of the NIFT’s FDIT (Fashion Design and Information Technology)......more
by Aditi Gangavkar
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Indian Handloom sector in limelightdue to increase in global demand
The demand for Handloom in the global is market is increasing sharply, also this situation is without any comptetition from other countries....more
by Textile Intelligence
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India: ‘Trilobal Polyester with Sure Sheen’ from the House of Royal
Trilobal polyester with Sure Sheen & soft feel of silk is produced by "House of Royal" to cater to embroidery needs of International & domestic Embroidery market....more
by Textile Intelligence
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India: Siyaram launches ‘Featherz’ brand, considers foray in RMG sector
Siyaram’s silk Mills Ltd has launched a new brand ‘Featherz’ that......more
by Textile Excellence
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India: Grasim offers 'Leeds' for the middle income group
Grasim Suitings has launched 'Leeds' a new product featuring a unique blend of polyester, viscose and wool......more
by Textile Excellence
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India: Mayur Suiting would unveil premium worsted suiting range
Mayur Suiting would soon launch its premium polyester viscose suiting range in the market....more
by Textile Excellence
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Coats India introduces new range of 'Coats Sylko'
India's leading sewing thread manufacturer and marketer, Coats India has made new additions to its 'Coats Sylko' range of embroidery threads......more
by Textile Excellence
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India: TC and GTZ Proklima seeks alternative for CTC
Textiles Committee (TC) and GTZ-Proklima a Germany-based NGO have joined hands to phase out the use of Carbon Tetra Chloride (CTC)......more
by Press Release
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India: Grasim introduces two new suiting fabrics
With a view to offer innovative ideas at affordable prices, Grasim Suitings - a division of Aditya Birla Group - has launched two new ranges of suiting fabrics......more
by Textile Excellence
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Poonawalla Fashions introduces multi brand store in Mumbai
Poonawalla fashions has recently launched a multi brand high fashion store ESCAPE through its associates, Bin Hendi Enterprises, UAE. The store anchors the now well established luxury shopping destination at the Grand Hyatt Plaza, Santacruz....more
by Textile Intelligence
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TUFS fuels expansions in Indian textile industry
Finally Indian textile companies are waking up to the reality of new-found opportunities in the post quota regime, which began exactly a year ago. The Indian textile industry is now on an expansion spree. These were blamed for being slow in achieving econ...more
by Textile Intelligence
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Sutlej Industries to transfer Textile activities
The Research Advisory Committee and Expert Panel Meeting of Northern India Textile Research Association, the R&D organization in the country, met recently at HO, Ghaziabad....more
by Textile Intelligence
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TC’s inception workshop in Bangalore
The Research Advisory Committee and Expert Panel Meeting of Northern India Textile Research Association, the R&D organization in the country, met recently at HO, Ghaziabad....more
by Textile Intelligence
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India: Mr S P Sapra conferred the Companionship of Textile Institute
Mr. Subodh P Sapra, President, polyester Sector, Reliance industries Ltd. has been awarded the most coveted Companionship of the Textile Institute (Comp TI) by the governing council of the Textile Institute, UK....more
by Textile Intelligence
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India: BTRA publication on performance challenges of modern cotton spinning mills
BTRA has launched a publication on the problems of the modern spinning mills in India. It is an excellent data bank and provides valuable information on all aspects concerning quality, production, maintenance,etc....more
by Textile intelligence</