The Indian textile industry, deeply rooted in tradition and history, has long been the backbone of our country’s economy. It is often celebrated for its rich heritage, but it is not without its share of challenges. Globalization and changing consumer preferences have brought a new set of
CII and Primus Partners recently launched a report titled “Decadal Outlook for Textile Industry: Threads of Transformation for Textile Industry” at TEXFUTURE 2023 Conference, organised by CII and Government of Maharashtra. The report highlights the contribution of the textile industry to the GDP, which is expected to more than double from 2.3 per cent to about 5 […]
Improved operating performance to keep credit outlook stable despite moderate capex Revenue of the home textile industry is set to rise 7-9% this fiscal after a ~15% fall last fiscal, as India regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major markets abroad. The industry’s operating profitability […]
Atul Ltd has been awarded the “Best Procurement Excellence” accolade at the 15th ELSC (Express Logistics & Supply Chain) Awards held in Mumbai on September 14, 2023. The honour acknowledges the company’s unwavering commitment to excellence in procurement and is a testimony to the outstanding efforts of its dedicated commercial team. Their relentless