Page 6 - Textile Industry

Bangladesh, Vietnam seen as competitors in textile and garment trade

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

At 45th AGM, Reliance unveils Rs 75k-cr plan to boost oil to chemicals biz

Reliance Industries Ltd will invest Rs 75,000 crore in the next five years to expand petrochemical capacity, its chairman Mukesh Ambani said on Monday. Speaking at the company's annual general meeting, he said the investments will be in setting up a PTA plant, expanding polyester capacity, tripling capacity of vinyl chain and a chemical unit in UAE.

Should you hold textile stocks amid rising cotton prices

Several cotton spinning mills in India have slashed or ceased cotton production on the back of higher prices. Analysts have now turned cautious over the textile sector's outlook for the near-term

Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report

From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report

After slow start to 2022, Surat textile industry looks for festive cheer

However, orders have been lower 30% compared with normal between mid-July and early August

Vardhman Textiles Q1 reports net profit of 4.13% to Rs 313.35 crore

The gross revenue of the company is Rs 2,731.01 crore which is higher by 44.25 per cent over the corresponding quarter of the FY22

Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain

Textile industry players indicate that the weak rupee will help the industry, which is a net exporter, to the extent of 5-10 per cent rise in profit margins

Surat's textile hub consolidated as small players failed to survive GST

This ground report from the diamond city captures the travails of small-scale units

Spreading textile hubs

Govt must focus on downturn in cotton production

Another PLI scheme for textile sector to be announced soon: Piyush Goyal

There is no need to extend waiver on import duty of cotton after September, says minister.

Raw material price hike pinch India's textiles, apparel exports in 2022-23

According to Wazir Textile Index, almost all the top companies in the sector saw an increase in sales during the last financial year

Textile exporters bat for fine tuning of RoSCTL scheme to retain edge

The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry

PM Modi invites Japan's Uniqlo to join India's bid to become textile hub

PM Modi discussed Uniqlo's growing presence in India and investment opportunities for textile manufacturing under Production Linked Incentive (PLI) scheme

What is fast fashion and is it a cause for concern?

Did you know that the global textile industry emits more greenhouse gas than those from shipping and international air travel combined? The emergence of fast fashion has played a big role in it

India achieved export target of $418 billion this year: Piyush Goyal

Goyal said the Indian textile Industry has the potential to achieve $100 billion in exports by 2030

Cyclical downturns lead Surat textile industry to stitch export dreams

The largest cluster of man-made fibre (MMF) textiles in the country, Surat was largely domestic market-focused with over 90 per cent sales.

'India's textiles exports can touch $100 bn from current $40 bn in 5 years'

Textiles Secretary Upendra Prasad Singh said the country's apparel industry must focus on vertical integration to increase its scale and size to benefit from the production-linked incentive scheme

India's textile industry at near capacity, raising hopes for creating jobs

India is the world's fifth biggest textile and apparel exporter with a 4% share of the $840 billion global market

Textile exports registered 41% growth during April-December 2021

During the period between April and December, 2021, total textiles and apparels exports, including handicrafts, stood at $29.8 billion

Strong demand for Indian apparel to further push exports: AEPC

Export of readymade garments saw an increase of 22 per cent to $1.46 billion in December 2021 from $1.20 billion in the same month of 2020