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2018-05-11 11:25:00
Delta Galil signs to acquire Eminence SAS and its subsidiaries
Eminence Group’s net sales totaled approximately 99.0 million Euros, with most of the products designated for men (87%) and the remainder for women (8%) and kids and babies (5%) in 2017. Most
2018-04-16 12:51:00
Lenders to Alok Industries have rejected a revised offer
In December 2017 quarter, Alok Industries reported a net loss of Rs4,745 crore. Its total liabilities as on 31 December exceeded total assets by Rs13,891 crore.Lenders reject RIL and JM
2018-04-13 10:59:00
Alok Industries to be bought by RIL-JM Financials ARC
JM Financial Asset Reconstruction Company has emerged as the sole bidder for Alok Industries.Alok Industries has received claims of Rs 29,500 crore from lenders with State Bank of India being the
2018-02-20 10:00:00
Maharashtra state’s new textile policy to offer capital, power subsidy
The Magnetic Maharashtra, the three day long Convergence 2018 conclave that began on Sunday, the state government will be announcing its new textile policy which will be for the 2018-2023 period.
2017-10-25 14:00:00
Egypt to partner with China to develop textile industries in Minya
Egyptian Supreme Council for Textile Industries is work to establish a partnership with a major Chinese company to develop a project that aims to improve a free zone specialised in textile industries
2017-10-21 10:00:00
Indonesian govt invites Mitsubishi to invest in textile industry
During Industry Minister Airlangga Hartarto meeting with Japan based Mitsubishi Corporation’s executives in Tokyo on Wednesday, invited the company to pour in more money in the garment sector
2017-06-26 16:00:00
Arvind Envisol all set to green Ethiopia’s industries
Ethiopia is one of the fastest growing economies in the world. GoE has embarked on an ambitious Industrialisation drives that will further boost the country’s Gross Domestic Product and
2017-05-16 15:00:00
Regional textile industries hit hard over rise in production cost
Regional textile industries hit hard due to surge in the cost of production and increasing competition from international players. Fluctuations in cotton prices and poor quality cotton in the region
2017-04-03 12:00:00
Thiry percent subsidy announced for upgradation of powerloom sector
Union Textile Minister Smriti Irani launched PowerTex India scheme, a comprehensive power-loom development scheme in Bhiwandi district of Maharashtra that will benefit the small powerloom
2017-03-29 16:00:00
Apparel industry may be hit due to subdued demand from key importing countries
With subdued demand from key importing countries, the growth in apparel export may stay muted for a consecutive year in FY17. According to the Apparel Export Promotion Council’s
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