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Aditya Birla Group company Grasim Industries plans to make a foray into the menswear segment with eco-friendly viscose fibre, branded as liva fibre, produced by its sister company Birla Cellulose. Grasim’s pulp and fibre business division Birla Cellulose has achieved sizeable growth in production of viscose, the natural fibre, in the past five years. https://www.business-standard.com/article/markets/grasim-industries-plans-to-foray-into-menswear-segment-with-liva-fibre-119012200031_1.html

India’s Aditya Birla Group plans to invest ₹15,000 crore in Gujarat over the next three years on capacity expansion and setting up of new units. The group will make these investments in various segments like textiles, chemicals, mining and minerals.  Until now, the group’s investments in the state are worth over ₹30,000 crore. The group has 15 […]

The $1.7-billion textile-to-retail conglomerate Arvind is preparing for a boom in its domestic garmenting business by adding capacities across states in India. After adding 36 million garments per annum capacity in Gujarat, making it the largest hub in the state last month, the company has now announced a 16-million annual garment manufacturing facility in Ranchi, […]

Textile and apparel player Arvind Ltd said it has inked a pact with JCB India to introduce ready-to-wear industrial uniforms. As per the partnership, the product range will be made available through Arvind and JCB India’s distribution network and point-of-sale locations across the country. The partnership will leverage JCB India’s market presence with Arvind’s textile […]

The country’s textiles sector, which currently employs over 45 million people, will require 17 million additional workforce by 2022, the government. In the last four years, 8.58 lakh persons have been trained in partnership with 58 government and industry partners to meet the sector’s need for a skilled workforce. Strategy to boost exports involves diversification […]

Home textiles major Welspun is bullish on its new flooring venture to clock a turnover of Rs 1,000 crore in the next 3-4 years on the back of its new modular solutions. Welspun Flooring, an integrated and independent flooring vertical of the USD 2.3 billion Welspun Group, is looking to tap the potential of the […]

Vertically integrated textile company Arvind Ltd announced the launch of its largest garmenting hub in Bavla, 30 kms from Ahmedabad, investing Rs 350 cr that the company said would generate additional revenues of Rs 1,000 crore. The $1.7 billion textile-to-retail conglomerate has set up 2 manufacturing facilities in the region and said a third facility […]

CX Partners eyes Rs 300 crore stake in ethnic brand Soch Private equity firm CX Partners is close to buying around 30% stake in Indian women’s ethnic wear brand Soch for slightly over Rs 300 crore, as curated designer stores add more flair to India’s fashion scene. Branded ethnic apparel segment has never had it […]

Raymond expects around 20 per cent of its textile and apparel retail business in India to come from small towns, where it is opening ‘Mini TRS’ stores catering to aspirations of the people , a company official said. The company, which has recently achieved the target to open its 200th ‘Mini TRS’ (The Raymond Shop), […]