Page 6 - Textile Sector

Grasim Industries Q1 net profit down 66.6% to Rs 621 cr, revenue down 32.2%

Its revenue from operations declined 32.24 per cent during the quarter under review to Rs 13,621.10 crore as against Rs 20,103.04 crore in the corresponding period of previous fiscal

Revenue of cotton spinners to contract by 25-30% in FY21: Icra Ratings

This will further add to the woes of the sector which saw an estimated 5-7 per cent decline in revenue and 200-250 basis points (bps) correction in operating margins in FY20

Spike in Covid-19 cases halts revival of Surat's synthetic textile industry

Business activity across value chain is at 5-10% of the pre-pandemic level

New MSME definition to benefit downstream textiles, boost exports: experts

Several exporters can now be classified as MSMEs and avail 5% rebate under interest equalisation scheme

Textile units to see 25% spike in production costs due to Covid compliance

Some plan to operate at 50% capacity, due to huge inventory piled up with distributors and retailers before the lockdown

Govt's crucial move towards nursing 5 sectors back to health amid lockdown

These five sectors are textiles, chemicals, electronics, steel and pharmaceutical

As oblivion looms over weavers, a group is speaking for their survival

The group's chief believes that reviving the handicraft and handloom sector could be a critical step in developing a more robust economy

Coronavirus hits UP's silk, embroider trade as raw material supplies dry up

The rates of raw silk yarn and embroidery material have gone up drastically

Coronavirus: Textile secy suggests India capture apparel mkt ceded by China

Capoor said it would be the right time to bring the industry together and have a small dialogue to "see how the industry associations are prepared for this opportunity"

New national textile policy will address all issues, says secy Ravi Capoor

This was announced on Wednesday during an interactive session with captains of the textile industry in the region

Weak policy fabric

India's textile sector needs wider reforms

A champion for the rag trade

Shahi Exports MD, Harish Ahuja tells Business Standard the government needs a free trade agreement with Europe fast to ensure a level-playing field with Bangladesh and Vietnam

K Radharaman of the House of Angadi is reinventing the weave

How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history

Textiles continue to gasp for growth with sliding production, low exports

Barring few months, apparel exports are continuously declining since October 2017

Textile Ministry launches scheme to develop knitting and knitwear sector

Industry representatives said the scheme would help in achieving the vision target of Rs 1 trillion by 2022

Letter to BS: The delay in getting tax refunds paralyses textile sector

The overall economic impact is not taken into account while deciding policies

Textile package suffers delivery failure due to demonetisation, GST

Imaginatively designed incentives to grow jobs in the textile sector ran into the unforeseen headwinds of demonetisation and GST

Indian textile mills heading to Ethiopia to take on Bangladesh, Cambodia

The African nation offers much cheaper labour and power, apart from easier access to key markets, plug-and-play infra for new plants, and friendly tax laws

Volatility in crude oil prices pinches synthetic textile manufacturers

Raw material buyers in the synthetic textile industry disappeared from the market amid expectations of a further fall in prices

After GST blow, Gujarat textile units get jitters over incentive scheme

Surat has seen daily production fall from 40 million metre per day to 25 million metre per day