Market expectations from school uniform fabric season rising
Mumbai: The month of Ramzan is about to begin. The wholesale textile market starts slowing down from the beginning of the day, the effect of which is visible in the textile market. Summer – Lagan season is also ahead. The market is looking a bit weak because this time the auspicious time of Lagan is […]
India’s GDP to grow 6.5% in FY25: ICRA
Mumbai: India’s GDP growth is projected to hit 6.5 per cent in the fiscal 2025 (FY25), according to recent analyses by ICRA. The nation saw its GDP rise to an 8.4 per cent high in the third quarter of FY24, climbing from 8.1 per cent in the preceding quarter, despite a decline in gross value […]
PM Modi unveils $2.41 bn petrochemical complex at Dahej
Ahmedabad : Prime Minister Narendra Modi laid the foundation stone of petrochemicals complex of petronet LNG at Dahej worth more than Rs 200 billion (~$2.41 billion) and said that it will help boost hydrogen production and demand for polypropylene in the country. The Prime Minister laid the foundation stone of Petrochemicals complex of Petronet LNG […]
Alok Industries raises Rs 7,000 crore from RIL, two banks for expansion and repayment of high-cost debt
Mumbai: Alok Industries has raised Rs 7,000 crore from parent Reliance Industries and two lenders, Axis Bank and State Bank of India. The company will use this fund for expansion and repaying debt. The textile maker raised Rs 3,700 crore in the form of term loans and working capital loans from banks, while Reliance Industries […]
Expeditious implementation of scheme to develop PM MITRA will help in attracting large investments, FDI in textiles: experts.
New Delhi: Expeditious implementation of the ambitious scheme to develop seven PM Mega Integrated Textile Regions and Apparel (PM MITRA) parks will help in attracting large investments, including FDI, in the sector besides generating huge employment, said industry experts. After inaugurating ‘Bharat Tex 2024’, one of the largest-ever global textile events to be organised in […]
Gaps in the textile value chain addressed by Bharat Tex Expo 2024
New Delhi: Bharat Tex 2024, a global textile expo, held in New Delhi from 26-29 February 2024, showcased India’s textile prowess across its value chain, with an emphasis on sustainability and innovation. Organized by eleven Textile Export Promotion Councils and supported by the Ministry of Textiles, Government of India, the expo aimed to attract global […]
Let’s take textile industry to countries where we know the market: Goyal
New Delhi: Bharat Tex 2024: Let’s take textile industry to countries where we know the market. The Textile Minister Piyush Goyal said here in Bharat Tex 2024. India’s Gross Domestic Product (GDP) registered a growth of 8.4 per cent on an annual basis in the third quarter (October-December), as against a 7.6 per cent in […]