Owing to dull retail market in the month of May apparel retailers like Arvind Brands and Madura forced to start discount sales since the second week of June.
Central Govt promised to aid Kerala handloom industry for promotion and preservation of traditional handloom sector, the Union Minister of State for Textiles, Panabaka Lakshmi declared.
The Ahmedabad Textile workers has ended the strike in all the four textile mills and over 5,000 textile mill workers have resumed work.
Sri Palam Silk Sarees is contemplating on increasing its turnover by almost two-fold to about Rs 1 billion over the next three years, according to a fibre2fashion report.
Despite the fact that the price of crude oil in international market has come down from more than $ 90 a barrel in mid-May to less than US$ 80 a barrel at present, this has not resulted in a similar drop in prices of synthetic yarn in India.
Government of India is committed to help the East African nation of Tanzania in setting up a textile park by sharing its knowhow as well as by giving financial inputs, Debnath Shaw, India’s High Commissioner-Designate to Tanzania, said.
A strong contingent of 25 textile companies from China are likely to take part in the international textile exhibition titled 'Fiber to Fashion', to be held in Surat, a textile manufacturing hub in the Indian state of Gujarat between September 6-9, 2012.
The Federation of Indian Art Silk Weawing Industry (FIASWI) has asked the textile entrepreneurs to benefit from the Restructured Technology Upgradation Fund Scheme, which was approved by the Ministry of Textiles for 2012-13.
The Hyderabad-based Shreeyash Industries Ltd has secured a Rs 21.30-crore order for supply of shirts for an Italian brand. It has bagged the order from Colombo Trade, Breschia, Italy.
The Government of India has revised its textiles export target for the current fiscal 2012-13 to $ 40.5 billion, from the earlier set target of $ 38 billion.
Maxwell Industries Limited, leading Indian firm, involved in the production and sales of innerwear, is contemplating on opening exclusive brand outlets (EBOs) across the nation.
AGS Transact Technologies, one of the major system integrator in the business of transforming touch points, announced the launch of Impress, a new-age digital printer in Surat on June 19, 2012 that would revolutionise digital textile print in India.
In order to promote Indian textiles abroad, the southern Gujarat Chamber of Commerce and Industry (SGCCI) will organise trade fairs in various overseas destinations.
The Apparel Export Promotion Council had lauded Dr D Subbarao, Governor, Reserve Bank of India for increasing the eligible limit of Export Credit Refinance (ECR) facility from 15 percent of the outstanding export credit eligible for refinance to 50 percent.
Indian textile industry has done amazingly well for itself and Home ET TU furnishings are a big rage all over the world.
