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Kerala finance minister Thomas Issac said he hopes to train around 100 engineering graduates in the dynamics of geo textiles and send them across the country as brand ambassadors to market the product. ``They will act as startups for geotextiles and the government will provide all support to them,’’ he said on the side lines of international coir meet called Coir Kerala being held in Alappuzha.

Welspun Groups family office acquired a majority stake in One Industrial platform

Welspun Group Promoters, through a closely held family office investment has acquired majority stake in warehousing platform - One Industrial Spaces, an integrated fund, development and asset management organization focused on the warehousing sector in India.

Textile exports up 6.3% post-GST

Besides, Bangladesh and Vietnam have the benefit of scale in apparel manufacturing and a large and productive labour force. In a separate reply to a question on decline in export of cotton yarn, she said: “There is no information regarding closure of spinning units due to decline in exports of cotton yarn”.

Bengal govt to set up 'design bank' to revive silk sarees produced in the state

In order to popularise the silk products manufactured in the state, Mamata Banerjee has advised the weavers to bring about variations in designs so that they look more modern.

'Raymond brand' to remain with new demerged lifestyle firm

Textile player Raymond on Monday said ownership of Raymond brand will remain with the demerged new lifestyle company. The company had earlier announced hiving off the consumer and lifestyle businesses into a separate entity.

Bengal is gearing up for the reverse buyer seller meet on textiles, apparel & jute

In all, some 50 international buyers across more than 19 countries from the textile sector are coming to Kolkata to attend the meet. Big names such as TT Ltd, National Jute Board and Biswa Bangla is expected to be part of the event along with a gamut of MSMEs from the textile, apparel, fashion, home textiles, yarn and jute industry.

Lindstrom India expands Kolkata operations

Inaugurating the new service unit, Juha Laurio, President & CEO, Lindstrom Groupstated, "It's been commendable the way India market is shaping up for Lindstrom Oy. Kolkata has been a strategic choice for us. Given our vision of 2020, we are making headway and achieving the right milestones here in India."

Laptev Finance gets CCI nod to acquire Welspun's plates and coils biz

In a combination notice, CCI said "Welspun Corp Ltd and Laptev entered into a business transfer agreement on 31 March 2019, wherein Welspun has agreed to sell, assign, transfer, convey and deliver, and Laptev has agreed to purchase and acquire the Target Business from Welspun as a going concern on a slump sale basis."

Govt mulling setting up mega parks near ports to attract FDI: Textile Secretary Ravi Capoor

The government is mulling setting up around ten integrated mega parks with state-of-the-art infrastructure near ports to attract foreign direct investment, a top official said on Monday. Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks.

Bodycare International ropes in Bollywood diva Shilpa Shetty Kundra on board as brand ambassador

The Dhadkan actress has had a large fan following ever since her Bollywood debut in the 1990s. She is also an advocate of health and fitness and is also known for her strong advocacy of yoga as a way of life. Shilpa feels her association with Bodycare comes naturally as the brand promotes style, comfort as well as healthy wearing.

Govt invites proposals from agencies to study power loom sector schemes

Govt invites proposals from agencies to study power loom sector schemes

The textiles ministry had launched the schemes for harmonised growth of the power loom sector in terms of improvement in infrastructure facilities, market development to overcome the lack of preparatory/pre-loom facility in power loom clusters.

Grasim forms JVC with German power engineering company MR

Grasim forms JVC with German power engineering company MR

Aditya Birla Power Composites - which is a 100% subsidiary of Grasim- will become the JV, holding 49% stake of MR and 51% stake of Grasim. It will be spending Rs 100 crore in setting up a facility in Halol in Gujarat over the next 3 to 5 years.

Rupa & Co bets on modern retail for Rs 2,000 crore topline by FY'2021-22

Rupa & Co bets on modern retail for Rs 2,000 crore topline by FY'2021-22

The company, which had posted about 4 per cent growth in business in FY19 over FY18, is hopeful of being able to achieve double-digit growth in sales this fiscal backed by its retail expansion.

Asahi inks JV with UK’s Tennants Textile Colours

Asahi inks JV with UK’s Tennants Textile Colours

Announcing the joint venture Arjun Jaykrishna, Executive Director of Asahi Songwon Colors Limited said the plant will be located at Dahej, Gujarat for which land has already been procured. Production should start by March, 2021.

Khadi may soon open its maiden foreign venture beginning with Bhutan

Khadi may soon open its maiden foreign venture beginning with Bhutan

In addition, six Indian designers (Anjana Bhargav, Nitin Bal Chauhan, Paras Gairoliya, Payal Jain, Rahul Mishra & Renu Tandon) created a special Khadi ensemble each, which too were spotlighted at the event.

Two retail investors petition NCLAT against Alok Industries' delisting move

Two retail investors petition NCLAT against Alok Industries' delisting move

The litigants claim they represent an informal group of more than a thousand retail investors in Alok Industries

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