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

Policies

Textiles Ministry To Keep PLI Portal Open Till Aug 31

Textile Insights July 19, 2023

The Ministry of Textiles has decided to keep the PLI Portal open till August 31, 2023 for inviting applications from interested companies under PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles. In a notification dated July 18, the Ministry of Textiles stated that it did so, considering numerous requests […]

Sustainability

Green Power To Help Garment Units Become Energy Efficient

Textile Insights July 19, 2023

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Green Power Limited signed a memorandum of understanding (MoU) to support garment factories in becoming more energy efficient with green and clean sources of energy. BGMEA President Faruque Hassan and Managing Director of Green Power Shaikh Ehsanul Habib inked the MoU on behalf of their respective

Industry

Elgi Equipments Introduces Women Managed Assembly Line

Textile Insights July 13, 2023

Coimbatore based Elgi Equipments has introduced assembly lines which is managed by women only at the Elgi Air Center in Coimbatore. Twenty young women are managing operations at the airend assembly line, encapsulated airend assembly line, and the Elgi new generation compressor top block assembly line, delivering over 150 airends and top blocks daily. These […]