Welspun India aims 50% revenue from innovation-based products by 2022
Textile Welspun India is eyeing about 50 per cent of its revenue from innovation-based products by FY2021-22, a top company official said. The…
Arvind Q2 profit rises 16% to Rs 75 crore
The company had posted a net profit of Rs 64.51 crore in the July-September period a year-ago, Arvind Ltd said in a BSE Filing. Textile and apparel…
Welspun India Sets Up US Arm To Invest In E-commerce Firms
Textile firm Welspun India has incorporated a wholly-owned subsidiary in the US to invest in e-commerce companies. Welspun India said “The company…
Arvind Textile Posts Q2 Net Profit Rs 64 Crore
Textile and apparel player Arvind Ltd today consolidated net profit of Rs 64.50 crore for the quarter ended September 30. Company had posted a net…
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Indian Textile Industry To Touch $250 Billion In 2 Years
India's textiles sector is likely to touch USD 250 billion in the next two years from the current level of USD 150 billion. The joint study by…
Raymond to launch Khadi by Raymond on October 2
Textile and apparel major, Raymond Ltd will launch Khadi by Raymond on October 2. Raymond was first to forge the first partnership with Khadi…
MSME Minister hopes khadi products to be GST free
Union Minister for Micro, Small and Medium Enterprises, Kalraj Mishra has expressed hope that khadi products will be exempted from the GST which…
Arvind Ltd intends to become startegic partner with customers
Textile major, Arvind Limited is focusing on a multipronged strategy for its growth and intends to become a strategic partner with its customers, a…
Cloth merchants in Gujarat continue indefinite strike against 5% GST on textiles
Cloth shop owners in various parts of Gujarat have decided to continue their indefinite strike against five per cent GST levied on textiles, a day…
Cabinet approves India-Australia MoU on coorporation in textile sectors
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) on cooperation in the field of…
Textile sector aims $300 billion worth of textile exports by 2024-25
The much-awaited new textile policy is likely to be finalised in the next three months, a senior official said. Textiles Secretary, Anant Kumar…
Indian textile and apparel industry to grow at a CAGR of 8.6% by 2023
According to a study conducted by PHD Chamber of Commerce, country's technical textiles market which is currently estimated at $14 billion is likely…
Mafatlal Group to introduce affordable readymade fashion wear
Textile firm, Mafatlal Industries has announced that it will make a foray into apparel business by introducing ready-to-wear fashion wear at…
Arvind Ltd expects to make brand Arvind a Rs.100 crore entity in 3-4 years
Textile Company, Arvind Ltd has launched ready to wear menswear under the brand Arvind. The brand will offer garments under three categories of work…
Textile ministry to create a brand of Indian handmade carpets
The government is developing standards and a trademark to reinforce India's position as the top source of handmade carpets and ensure that products…
Welspun tries to make a comeback and gain ties with other retailers
Welspun India Ltd. (WIL), a fully integrated home textile manufacturer, which is also one of the largest global home textile players in the world,…
Garment exports up 16 per cent in September to $1.3 billion
Garment exports grew by 16 per cent in September to $1.3 billion, helped by rising cost in China and non-compliance issues in Bangladesh, says a…
Traditional textiles to be spotlight in Krishna Mehta's collection at Lakme Fashion Week
MUMBAI:Veteran designer Krishna Mehta will highlight fabrics from Bhagalpur, Benaras and Maheshwar at the ongoing season of Lakme Fashion Week (LFW…
Jaitley proposes 6 more mega textile clusters in Budget 2014
By PTI   New Delhi: Finance Minister Arun Jaitley on Thursday unveiled a host of proposals, including setting up of more mega-clusters, to…
Sanjay Behl Raymond's New CEO
In a recent development, Raymond Ltd has appointed Sanjay Behl as the CEO of their textile and apparel businesses. Formerly, Behl was serving as…
Arvind aims to be Rs 2000 cr brand
Arvind Limited, one of India’s largest textiles and apparel manufacturer and retailer, aims to become Rs 2000 crore entity by FY 2017-18. The brand…
Branded clothing to come cheaper
The much speculated and debated Union Budget 2013 has finally here. Branded apparels will become less expensive as there will be no excise duty them…