In anticipation of the Interim Union Budget for 2024-25, the Federation of Indian Chambers of Commerce and Industry (FICCI) has outlined a set of expectations and recommendations covering various aspects of the economy. These proposals are aimed at fostering economic growth, encouraging
Rossari Biotech Ltd, a leading specialty-chemicals manufacturer, has revealed robust financial performance for the quarter ended December 31, 2023. Revenue from operations grew by 19% to Rs 463.8 crore compared to Rs 389.3 crore in Q3 FY23. EBITDA improved by 18% to Rs 63.7 crore from Rs 54.2 crore, with an EBITDA margin at 13.7%. […]
Daikaffil Chemicals India Ltd, based in Tarapur, Maharashtra, has witnessed a 1.74% change in its equity and voting share capital with Mikusu India Pvt Ltd acquiring 104,499 equity shares on January 23, 2024. This acquisition is in line with the open offer for equity shares, as previously disclosed on January 17, 2024. The transaction, governed […]
Rieter Group, the world’s leading supplier of systems for manufacturing yarn from staple fibres in spinning mills headquartered in Winterthur, Switzerland, has acquired the French company, Petit Spare Parts SAS, effective January 5, 2024. The acquisition is set to strengthen Rieter Group’s dynamic after-sales business. Petit Spare Parts SAS is a renowned supplier in the
The Apparel Export Promotion Council (AEPC) has submitted crucial pre-budget proposals to the government, focusing on enhancing the competitiveness of Ready-Made Garment (RMG) exports in India. AEPC has emphasized the importance of budgetary support and has suggested key measures to fortify the apparel export sector. Trimmings and embellishments under IGCR Rules: AEPC has
Shengtai Textile Co., Ltd., located in Zhoukou, Henan province, is making rapid progress in the construction of its 300,000-spindle spun yarn project. The company is set to implement a fully automated process, transforming the facility into a “dark factory.” With a significant investment of 5.2 billion yuan, the Shengtai Textile Industrial Park has evolved into
Giltex LLC, the sole vertically integrated company in Azerbaijan and the entire South Caucasus region, has joined International Textile Manufacturers Federation (ITMF). Christian Schindler, Director General of ITMF, expressed enthusiasm about Giltex joining ITMF, highlighting the global nature of the textile industry. He emphasized the significance of international
Birla Cellulose and Usha Yarn have joined forces to introduce ‘Puneh’, a groundbreaking range of highly sustainable mechanically recycled yarn blends. “This association aims to revolutionise the textile industry by seamlessly integrating recycled fashion yarn with sustainable cellulosic fibre,” Birla Cellulose said in a press release. Derived from Sanskrit, ‘Puneh’
Oerlikon Barmag Automation (OBAA) which operates in the field of intralogistics for large chemical fibre spinning mills has been sold to Italian company (IGH) Irico Gualchierani Handling S.r.l. “This will enable Oerlikon to focus more on its core competence in melt, yarns, fibres and nonwovens within spinning and texturising in the future,” a press release […]
The Textile Association (India), Mumbai Unit which is organising an international conference on “Sustainability and Circularity – The New Challenges for the Textile Value Chain” on January 31, 2023 has finalised its list of speakers who would address the conference. The Chief Guest is Virendra Singh, IAS, Secretary (Textiles), Cooperation, Marketing &





















