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Textiles

Karnataka government has given the green signal to Kerala-based Kitex Garments to invest Rs.493 crore for a ready-made garments unit in Hassan, Karnataka. BusinessLine had reported in November 2016 that Kitex Garments was looking to set up an export-oriented garments unit for infants in Hassanat an investment of Rs.500 crore.Talking to BusinessLine from Kizhakambalam near […]

Raymond inaugurated a Greenfield Linen manufacturing facility in the newly created Textile Park in Nandgaon Peth, Amravati, under its subsidiary Raymond Luxury Cottons on 17 December 2017. In phase 1 of the industrial development initiative, the facility is expected to produce 1200 tons of world class Linen yarns and 4.8 million meters of Linen and […]

Indias textiles sector is likely to touch USD 250 billion in the next two years from the current level of USD 150 billion, a study said today. Joint study by Assocham and Resurgent pointed out that the textile sector in India accounts for 10 per cent of the countrys manufacturing production, 5 per cent of […]

Fashion and lifestyle platform Myntra has launched its own handloom brand, Navibhu, with a view to tapping the niche but expanding customer interest in the India Handloom Brand promoted by the Ministry of Textiles to support weavers and promote the country’s traditional handloom industry. Textiles Minister Smriti Irani unveiled the brand at Myntra’s 6th Annual […]

Telangana government has inked memorandums of understanding (MoUs) with 22 companies in the upcoming Kakatiya Mega Textile Park in the Warangal district. Companies will invest Rs 3,900 crore in the upcoming textile park.Telangana Chief Minister K Chandrasekhar Rao laid the foundation stone for the textile park at Shayampet in Chintapalli village.Project will create direct employment […]

Government of Gujarat unveiled the new textiles and apparel policy which offers generous subsidies and incentives to attract investments in the Small and Medium Enterprises (SME) sector. Government is planning to set up 16 industrial estates and parks by the Gujarat Industrial Development Corporation (GIDC) in various locations.Under the new textiles and apparel policy, the […]

The Government of India as well as the governments of the Eurasian Economic Union (EAEU) member countries will shortly begin negotiations for a free trade agreement (FTA), a senior official has said. The 5-member EAEU comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. India’s annual trade with EAEU is currently at $8.4 billion. India and the […]

Country’s technical textiles market which is currently estimated at $14 billion is likely to reach a level of $32 billion by 2023, by diversifying towards non-woven technical textiles and forging global partnerships with counterparts, according to a study. The study conducted by PHD Chamber of Commerce released today further states that textiles and apparel industry […]

The Indian government has extended the existing anti-dumping duty of $542.22 per tonne on partially-oriented yarn (POY) imports from China. The duty would now be applicable till May 1, 2018. POY is used as a raw material in the man-made fibre industry. It is further processed through texturising or draw twisting before being used for […]