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Exports still in red, at $14.1 bn in Oct12-NOV-09
India’s exports for October stood at $12.5 billion, down 11.4 per cent from $14.1 billion in the same month last year, on the back of weaker demand for Indian goods in the traditional markets of the US, EU and Japan.
Spinning a yarn27-OCT-09
After Reid & Taylor, S Kumars Nationwide wants to try its luck in all segments.
India wary of China's twisted silk yarn from China27-OCT-09
Central Silk Board seeks re-look at anti-dumping duty provisions.
NHDC targets Rs 1,050 cr turnover22-OCT-09
National Handloom Development Corporation (NHDC) is targetting a turnover of Rs 1,050 crore in the current fiscal. Last fiscal, NHDC had registered a turnover of over Rs 829 crore despite the economic slowdown in the national and international markets.
Textile companies back in expansion mode19-OCT-09
With the global and domestic economy showing signs of an upturn, Indian companies engaged in the man-made fibre business are back to drawing up expansion plans to ramp up capacities.
SRF commissions polyester ind yarn project30-SEP-09
SRF Ltd has commissioned its project for manufacturing polyester industrial yarn at its Gummidipoondi plant in Tamil Nadu. The project has a capacity of 14,500 tonnes per annum and had been set up at a cost of around Rs 186 crore, it said in a filing to the Bombay Stock Exchange.
Garden Silk to expand polyester yarn, chips capacity by 15%28-SEP-09
To make inroads to Latin America, Egypt, Europe, China.
Expensive yarn31-AUG-09
The gloomy scenario on the textile exports front put the expansion and modernisation plans of textile companies on the back burner. However, Jindal Cotex, which is coming out with an IPO does not seem to feel the same.
Nakoda gets 18.5% stake in Surat Super Yarn Park21-AUG-09
Nakoda Textile Industries Ltd, one of the leading players in the fully drawn yarn market, has acquired 18.5 per cent stake in Surat Super Yarn Park, which is scheduled to be operational by September this year.
Nakoda Textiles aims to quadruple profit by FY1020-AUG-09
"Our expansion plans for our partially oriented yarn (POY) and texturising are on track.
Jindal Poly's share buyback offer opens on Aug 1106-AUG-09
The company would be buying back its shares from the investors at a maximum price of Rs 400 a piece, Jindal Poly said in a filing to the Bombay Stock Exchange (BSE).
Man-made yarn prices up 2-4% on imposition of excise duty15-JUL-09
"The textile industry has raised the prices of man-made fibre and yarn up to 4 per cent as the centre has imposed central excise duty of 8 per cent on these items in the budget," traders said.
Punjab's Textile upset over 8% central excise duty on manmade fibre, yarn06-JUL-09
Punjab's textile industry today was disappointed over the imposition of central excise duty of eight per cent on manmade fibre and yarn announced by Union Finance Minister Pranab Mukherjee in the budget 2009-10 and further said that it would push up the yarn prices by at least 8 per cent.
Exports of cotton yarn and fabric down 45% in March05-JUN-09
Exports of India's cotton yarn and fabric declined by more than 45 per cent in March to $237 million over the same month last year due to the global slump in demand, according to the Commerce Ministry.
Nakoda Textile to raise texturising capacity05-JUN-09
Nakoda Textile Industries, the manufacturer and trader of partially oriented yarn, polyester texturised yarn, polyester filament yarn, has finalised plans for substantial expansion in its texutrising capacity from existing level of 1070 MTPA to 28,800 MTPA.
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