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Textile manufacturers face setbacks due to ongoing geopolitical conflicts

Textile manufacturers face setbacks due to ongoing geopolitical conflicts

Mon, Nov 06, 2023

Textile manufacturers of Tirupur and Coimbatore have halted production for 20 days from today due to the severe impact on textile sale due to the ongoing geopolitical conflicts. With 2 lakh power-looms and 30 thousand auto-looms in the region, the production of 1 crore meters of fabric has been paused. About 1500 crore rupees trade has been affected so far and about 5 lakh laborers engaged in the power loom sector alone are likely to lose jobs.

India to become self-sufficient in silk in 2 years: Irani

India to become self-sufficient in silk in 2 years: Irani

Sat, Sep 14, 2019

Union Textiles Minister Smriti Irani on Friday asserted that India would become "completely self-sufficient" in silk in the next two years. "We are now, in the next two years, going to become completely self-sufficient in silk.

Manufacturing sector posts strong sales growth in Q2: RBI

Manufacturing sector posts strong sales growth in Q2: RBI

Thu, Dec 27, 2018

Manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period.

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India's textiles sector needs 17 mn additional workforce by 2022: Govt

India's textiles sector needs 17 mn additional workforce by 2022: Govt

Thu, Dec 20, 2018

The country's textiles sector, which currently employs over 45 million people, will require 17 million additional workforce by 2022, the government said Thursday.

Arvind Ltd looking to take B2C segment to Rs 1,500 cr

Arvind Ltd looking to take B2C segment to Rs 1,500 cr

Wed, Jun 20, 2018

"Under B2C, only men`s wear business stands now at Rs 400 crore and we are looking at this to grow to Rs 1,000 crore in five years. If you include the women`s wear, the overall segment stands at Rs 700 crore and is expected to be Rs 1,500 crore," Susheel Kaul, CEO, Lifestyle Fabrics - Knits and Wovens, said.

Ind-Ra assigns stable outlook for cotton textiles in FY18

Ind-Ra assigns stable outlook for cotton textiles in FY18

Mon, Mar 13, 2017

Ind-Ra has revised its cotton outlook to stable for FY18 from negative for FY17, in view of stable input prices, healthy capacity utilisation and steady domestic demand scenario.

Welspun India's woes deepen; tough times ahead

Welspun India's woes deepen; tough times ahead

Thu, Aug 25, 2016

The problem for Welspun India has already gone beyond Target Corp. Several retailers, as mentioned above have already started questioning their credibility and have either launched or are planning to launch an audit into their products.

SP Apparels debuts at 14% premium on BSE; shares plunge soon after

SP Apparels debuts at 14% premium on BSE; shares plunge soon after

Fri, Aug 12, 2016

The company had fixed the price band to lower band of Rs 258 and upper band of Rs 268.

S P Apparels opens for IPO today, Is it a fair deal?

S P Apparels opens for IPO today, Is it a fair deal?

Tue, Aug 02, 2016

Dilip Davda (SEBI registered Research Analyst-Mumbai) in Free Press Journal said, "BRLMs’ have poor track record. However, considering the sops for the segment in which the company is engaged and has shown improved performances for past four fiscals, cash surplus investors may consider for medium to long term investment in this issue. "

Mining, construction, power, textile holds 55% of India’s bad debt: Ind-Ra

Mining, construction, power, textile holds 55% of India’s bad debt: Ind-Ra

Wed, Jul 20, 2016

India’s bad debt is concentrated in four sectors - iron and steel, construction and infrastructure, power and textile which hold 55% of the total Rs 11.8 trillion debt, a report by India Ratings agency stated.

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