Home textile manufacturer and exporter Indo Count Industries has inked a strategic and long-term partnership with Accenture, a global leader in digital transformation and technology services. “This collaboration marks a pivotal moment in Indo Count’s commitment to redefining and enhancing its
Domestic Textiles, a division of Grasim Industries participated at Bharat Tex 2024 and showcased its strengths in natural fibre segments like linen, wool, and cotton. Founded in 1949, Domestic Textiles operates through three key units – Jayashree Textiles, Vikram Woollens, and Grasim Premium Fabric. The company sources authentic European flax and offers a wide range
Samir Joshipura has returned to the Trident Group and has been named the as its Group Chief Executive Officer (CEO). “With over 25 years of experience in strategy formulation and business transformation across various sectors, Joshipura brings a wealth of expertise to his new role,” the Ludhiana based company said. Prior to rejoining Trident Group, […]
In a significant stride towards bolstering India’s manufacturing prowess, Epic Group’s Executive Chairman Ranjan Mahtani and Aryan Mahtani met Piyush Goyal, Minister of Commerce and Industry of India. The focal point of discussion was Epic Group’s ambitious blueprint to channel a US$ 100 million investment into Odisha, India, for the establishment of an
Globe Textiles India Ltd (GTIL), a leader in the textile industry, has revealed plans for an acquisition aimed at propelling its growth trajectory and reinforcing its commitment to sustainability. The acquisition of Globe Denwash Pvt Ltd will be facilitated through the purchase of shares, marking a significant step in GTIL’s forward integration strategy. The
HeiQ has announced the appointment of Julien Born as the CEO of HeiQ AeoniQ Holding, an independent subsidiary established to attract investors and value-chain partners. With an ambitious multi-year plan to scale up the world’s first climate-positive cellulosic filament fibre, this move signals a significant step forward. Bringing with him unique executive leadership
The Chatterjee Group (TCG), a private equity investor has invested Rs 1,250 crore for expansion of FDY capacity at Surat based Garden Silk Mills. The new FDY plant has a capacity of 272 tons per day and state-of-the-art Oerlikon Barmag Wings+ machines will produce FDY for knitting and weaving applications. Additionally, TCG has invested in […]
In a judgment, the Supreme People’s Court of the People’s Republic of China ruled in favor of Rieter in a legal dispute concerning infringement of a Rieter patent by a competitor’s draw frame. “Rieter protects its innovations with patents and registered designs and consistently takes action against infringements of its intellectual property,” the Swiss company […]
SP Apparels Ltd. (SPAL) has signed a definitive agreement to acquire 100 percent stake of Young Brand Apparel along with an apparel unit in Palladam and land and buildings, all in Tamil Nadu for Rs 223 crore. SP Apparels will acquire all these assets from Bannari Amman Spinning Mills Limited for which it was in […]
In a momentous event that marked a leap towards innovation and excellence in the textile industry, Shivkrupa Cotspin Pvt. Ltd. proudly inaugurated its sprawling mega project, Spinning Unit II, at Virwade Road, Chopda on 2 February 2024. The inauguration ceremony witnessed the presence of dignitaries, industry leaders and key stakeholders. The ribbon-cutting ceremony was
