Page 3 - Textile Market

Tiruppur exporters brace for slowdown, see demand dipping by 40%

Tiruppur contributed around 54.2 per cent of the country's textile exports last fiscal

'Adverse global conditions present a challenge for textile demand'

Cotton Council International executives say zero tariff regime should continue as it is beneficial to mills

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

Govt wants to create 75 Tiruppurs across the country: Piyush Goyal

Second edition of PLI scheme for textiles on the cards, with focus on apparels

TN spinning mill workers in distress amid strikes due to cotton price hike

The power looms and spinning mills are on indefinite strike due to the rising cotton prices even after waiving of import duty for cotton by 11 per cent

Govt okays 61 firms for textiles PLI scheme, aims Rs 19,077 cr investment

Seven foreign companies have committed total investment of Rs 3,559 crore for the plan

Govt approves 61 proposals of over Rs 19k cr under PLI scheme for textiles

Textile Secretary U P Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector

Raymond appoints Sunil Kataria as CEO of Lifestyle Business

Leading textile and apparels firm Raymond on Wednesday said it has appointed Sunil Kataria as the CEO of its lifestyle business. The Mumbai-based company said it has strengthened its leadership team by on-boarding the seasoned professional reckoned for leading large-scale business transformations and creating strong consumer brands in India and Southeast Asia. In his new role, Kataria will be responsible for steering the next phase of growth by driving the digital agenda and strengthening the brand's presence in domestic and international markets. "At Raymond, we believe in having industry's finest talent that resonates with our vision to create a future ready organisation. During the last few years, we have been making stronger strides and creating brands and retail experiences for our loyal and new-age consumers," Raymond Chairman & Managing Director Gautam Hari Singhania said in a regulatory filing. The Lifestyle Business is the flagship vertical of Raymond Group which ...

'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

Textile manufacturers in Tamil Nadu plan hunger strike on Jan 21

M K Stalin urged the Centre to avert a crisis gripping the powerlooms, apparel and home textile units in Tamil Nadu owing to the 11 per cent import duty on cotton

Several textile cos' stocks rallied in past 1 yr on GST hike deferment, PLI

The shares of Bhilwara Spinners, Nitin Spinners and Nahar Spinning Mills companies rose 252%, 316%, 711%, respectively, over the past one-year period

Textile firms set to spin their way to recovery in 2022: A CRISIL analysis

Credit outlook largely stable for cotton yarn and readymade garments players

ABFRL, KPR Mills and 4 more textile stocks can gain up to 15%. Check here

Shares of Arvind Limited have formed a "Golden Cross" symbolizing a positive outlook for the upcoming sessions, according to the daily chart

Textile maker Arvind posts Rs 71 crore net profit for September quarter

Leading textile manufacturer Arvind Ltd on Wednesday reported a consolidated net profit of Rs 71.06 crore for the second quarter ended September 2021, helped by volume growth across segments. The company had posted a net loss of Rs 5.86 crore during the corresponding quarter of the previous financial year, Arvind said in a regulatory filing. Its revenue from operations during July-September 2021 stood at Rs 2,115.14 crore, a jump of 62.05 per cent as against Rs 1,305.17 crore in the year-ago period. Arvind's total expenses were at Rs 2,016.71 crore, an increase of 53.19 per cent as against Rs 1,316.40 crore a year ago. "Volumes grew across all segments as post-COVID-19 demand stayed strong in both export and domestic markets. Input costs continued to increase sharply but were mostly offset by improved price realisation and higher efficiencies," said Arvind Ltd in a post-earnings statement. Its revenue from textiles was up 70.69 per cent to Rs 1,726.49 crore as against Rs 1,011.43

Textile trading comes to a standstill in Surat amid second Covid-19 wave

The second wave of the pandemic has hit the medium- and small-scale sector like a tsunami. The first of a five-part series looks at the crisis

Demand from Western markets helped Indian Textile sector stay afloat

Even during lockdown, the apparel industry witnessed a steady demand

PLI for man-made fibre, setting up textile parks to boost production: AEPC

Production Linked Incentive scheme for man-made fibre and the creation of seven mega textile parks in the country will help increase production and exports of the sector, AEPC said on Wednesday.

Himatsingka Seide, KPR Mill: Trading strategies for textile stocks

According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term

'Dukaan tech' start-ups help kirana stores and small traders go online

They are deploying easy-to-use platforms for SMBs, helping them go online in as little as 30 seconds

More flexibility for Surat diamond, textile markets but with conditions

Restrictions were imposed on the functioning of the two sectors last month as Surat witnessed a sharp increase in Covid-19 cases over the past few weeks