Industry

Century Textiles & Industries Slips Into Loss In Q1FY’24

Textile Insights July 24, 2023

Aditya Birla Group owned Century Textiles & Industries slipped into a loss in the first quarter of fiscal ending June 2023 as against profit in the same quarter of previous fiscal. The company posted net loss of Rs 5.88 crores for the period ended June 30, 2023 as against net profit of Rs

Industry

BRÜCKNER Trainees Celebrate Successful Completion

July 22, 2023

BRÜCKNER Textile Technologies has congratulated Fabian Petri and Enes Koc, who excelled as IT specialists for system integration, as well as Anna Müller, future marketing department personnel, and Moritz Möhring, IT specialist for application development, on the successful completion of their training. The company has welcomed all four talented trainees as they embark on

Industry

Anupam Rasayan Hosts Industrial Visit For SGCCI Members

July 22, 2023

Anupam Rasayan India Ltd has announced successful organization of a captivating industrial visit for esteemed members of The Southern Gujarat Chamber of Commerce and Industry (SGCCI). The event witnessed the presence of prominent personalities, including Ramesh Vaghasiya, the President of SGCCI, Vijaykumar Mevawala, the Vice President of SGCCI, and Kirankumar Thummar, the

Industry

Bhageria Industries Ltd. Successfully Contains Minor Fire at Palghar Factory

July 22, 2023

On July 20, 2023, Bhageria Industries Ltd., faced a minor fire incident near the Thermopac area of their factory premises located at Palghar. Swift and effective action taken by the company’s emergency response teams resulted in the situation being promptly controlled, causing minimal impact on the plants and machinery. Fortunately, there were no injuries to […]

Industry

Closed Bangla Jute Mills Will Be Converted In To Textile Units

Textile Insights July 22, 2023

Bangladesh Jute Mill Corporation (BJMC) will now allow even textile mills and factories to be set up in the state owned jute mills which were closed down a few years ago due to mounting losses. The Bangladesh government had shutdown 25 state owned jute mills in one stroke due to recurring losses. Since then, BJMC […]

Industry

Indian Cotton Yarn Sector To Witness 5-7% Growth In FY’24

Textile Insights July 22, 2023

Indian cotton yarn industry is likely to witness 5-7 percent year on year growth in sales volume, while the operating margin is expected to expand by 100-150 bps from a year ago in fiscal 2023-24. “Factors contributing to this improvement include the alignment of Indian cotton prices with international prices and a shift in demand […]

Industry

TN Textile Ministry Calls Meeting Of Spinning Sector Stakeholders

Textile Insights July 21, 2023

A meeting of all Tamil Nadu Spinning Mill Associations has been called by the Tamil Nadu Ministry of Handloom and Textiles to resolve the issues of the spinning mill industry. It may be recalled that the open-end and MSME spinning mills in the stake had stopped production from July 15 in protest against various issues […]

Industry

CM Stalin Puts Up Three Demands To Revive TN Spinning Sector

Textile Insights July 20, 2023

Tamil Nadu Chief Minister MK Stalin has demanded scrapping import duty of 11 percent on raw cotton imports, banning waste cotton exports and restructuring the Emergency Credit Line Guarantee Scheme (ECLGS). In a letter to PM Narendra Modi, Stalin said these three measures are needed to help revive spinning mills mainly in the MSME category […]

Industry

Quality Control Order On Polyester Yarn Deferred Till Oct 5

Textile Insights July 19, 2023

The government of India has announced extension of implementation of Quality Control Order (QCO) on 100 percent polyester spun grey and white yarn till October 5, 2023. Earlier, the deadline was extended till June 30, 2023, but the government did not issue any notification to extend it further, due to which it became effective from […]

Industry

Imported Second Hand Clothing Mars East African Textile Sector

Textile Insights July 18, 2023

Despite East Africa having a massive capacity to produce cotton textiles and garments thanks, to availability of raw materials and a workforce, the region scores relatively low in consumption of local textile products. According to the Kenya Institute for Public Policy Research and Analysis (KIPPRA), 70 percent of Kenyan garment manufacturing companies sell about 80 […]