Author: Editorial Team

India’s WPI inflation for apparel down 0.3 per cent in Jan ’18

India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 2.84 per cent for the month of January 2018 over same month of last year. The index for apparel declined by 0.3 per cent to 138.5 in January, according to the provisional data released by the Office of the Economic Adviser, Ministry of Commerce and Industry. The official WPI for all commodities (Base: 2011-12 = 100) for the month of January 2018 rose by 0.1 per cent to 115.8 from 115.7 for the previous month, the data showed. The index for manufactured products (weight 64.23...

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Gerber Strengthens Management Team, Scott Schinlever joins as Chief Operating Officer

To build upon its legacy of leadership in providing technology solutions to help its customers address market challenges and opportunities to achieve optimum results, Gerber Technology announced Scott Schinlever as President and Chief operating officer for leading the Automation Solutions business. “Scott brings a great track record of driving significant growth across multiple industries and end markets,” stated Mohit Uberoi, President and CEO, Gerber Technology. “His leadership and strategic planning skills, combined with his deep knowledge of production workflows and digital printing, will help us advance our integrated Digital Solutions and intensify our customer focus.” Many of Gerber’s customers...

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Arunachal’s sericulture proposal pending with India’s CSB

The Arunachal Pradesh Government has submitted a proposal for a sericulture project worth Rs. 95 cr to the Central Silk Board (CSB), the State’s Commissioner of Textile and Handicraft Tahang Taggu said recently at a farmers’ fair at Sille Sericulture Farm in East Siang District. He urged silk farmers to adopt scientific practices with commercial objectives. The state has prepared a five-year plan for rearing mulberry, eri and muga silk and is fully dependent on Central Government funding to implement the project, he said. Taggu suggested the farmers to take attend training programmes periodically to gain technical knowledge about...

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Nandan Denim reports 61 per cent rise in PAT at Rs.13.93 cr in Q3 FY 17-18

India’s largest denim fabric manufacturer, Nandan Denim Limited (NDL), has reported a net profit of Rs. 13.93 cr for the Q3 of FY 2017-18 as against Rs. 8.63 cr in the corresponding period of 2016-17, a rise of 61 per cent. Net sales for third quarter ended December 2017 at Rs. 363.40 cr were higher by 54 per cent over previous fiscal’s same quarter net sales of Rs. 235.22 cr. Company reported healthy EBITDA and PAT margin in Q3 FY17-18 at 16 per cent and 3.83 per cent respectively. EPS for Q3 FY 17-18 stood at Rs. 2.86 (Face...

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Globally renowned textile care forum launch in India

Texcare – the world’s leading brand for modern textile care marked its entry in India through a dedicated forum on laundry, cleaning and textile rentals organised by Messe Frankfurt India and Virtual Info Systems. The conference that was scheduled on 20 January 2018 at Bombay Exhibition Centre alongside the Laundrex exhibition in Mumbai, successfully brought important decision makers, potential investors and enthusiastic trade professionals together under one roof from leading countries around the world. High level panel discussions were held during the conference on subjects such as online laundry business, start-ups and strategising success through technology leading to share...

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