Corporates

RSWM Acquires Mathura Based Textile Mill Of Ginni Filament

Textile Insights December 2, 2023

RSWM Ltd, one of the biggest textile manufacturers in India has signed a binding term sheet with Ginni Filaments Ltd for proposed acquisition of its textile assets in Mathura for Rs 160 crores. The acquisition is expected to be completed within ninety days of execution of term sheet subject to

Industry

SIMA Chairman Demands Evaluation Of New TN Energy Tariff

Textile Insights October 11, 2023

The apex body of spinners in South India, the Southern India Mills Association (SIMA) has urged the Tamil Nadu government to evaluate its policies related to energy supplied to the textile industry. “Tamil Nadu is most attractive destination for new investments mainly due to its energy policies relating to wind power, open access power, third […]

Corporates

KPR Mill Investing Rs 400 Crores in Expansion & Modernisation

Textile Insights August 22, 2023

Coimbatore based and one of India’s biggest vertically integrated textile mills, KPR Mill Ltd is planning to invest Rs 400 crores in modernisation and expansion of its production facilities KPR Mill which has footprints spanning across yarns, fabrics, garments and sugar will invest Rs 100 crores to set up a Vortex spinning mill in the […]

Industry

Indian Textile Industry Witnessing Unparalleled Financial Crisis

Textile Insights July 18, 2023

The Indian textiles and garment industry is witnessing an unparalleled financial crisis due to various reasons and which have disrupted exports of yarns, fabrics and garments to the main markets of the US and EU. The reasons include the prolonged Russian-Ukraine war, higher inflation, slow-down in global economy, 11 percent import duty levied on cotton […]