Tag: textiles

Global textile industry concerned about continuing weak demand

June 22, 2024 admin

A woman inspects garments at a knitwear export unit in Tiruppur. File | Photo Credit: S. Siva Saravanan The global textile industry, including textile machinery and garment manufacturing, continues to be concerned about “weak demand” in the market, according to a recent survey. The latest results of the International Textile Manufacturers Federation (ITMF) Global Textile…

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Cotton position comfortable, says SIMA

March 22, 2024 admin

The Committee on Cotton Production and Consumption (COCPC), at a recent meeting, estimated cotton production this season, ending September, at 323 lakh bales and exports 27 lakh bales. The Cotton Association of India (CAI), however, said production will be 309 lakh bales mainly because it expects production in Telangana to be 34 lakh bales against…

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Donear to invest ₹400 crore in Jammu

March 8, 2024 admin

Fabric maker Donear will invest ₹400 crore in Jammu to make carpets and rugs, said Rajendra Agarwal, its Managing Director. The company has purchased land in Jammu and the plant will be operational in 24 months. Almost 90 % of the products made there will be exported and with this unit, Donear will venture into…

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Budget 2024: Textile Industry: Textile industry expresses disappointment

February 1, 2024 admin

The textile and apparel industry, while welcoming extension of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for two years, has expressed disappointment over unchanged Import Duties. Cotton Textiles Export Promotion Council chairman Sunil Patwari said continuation of the RoSCTL was essential for the long-term trade planning. Orders could be placed in…

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Indo Count Industries looks at doubling revenue

October 14, 2023 admin

Indo Count Industries, a leading manufacturer and exporter of bedlinen in the home textile space, plans to double its revenue in the next four years to almost ₹6,000 crores. In an interaction, KK Lalpuria, its Executive Director and Chief Executive Officer, said the company has invested ₹1100 crore in the past couple years and achieved…

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