Category: Domestic

Govt. to set-up apparel incubation centre

The State Government recently directed the Handlooms, Textiles and Handicrafts department to expedite the process for establishment of the proposed apparel incubation centre for promoting entrepreneurship in the apparel and garment sector. Though the Ministry of Textiles had sanctioned a proposal for setting up of an incubation centre at National Institute of Fashion Technology (NIFT), Bhubaneswar two years back, the proposed centre is yet to come up. Chief Secretary AP Padhi, who reviewed the performance of the department at a high-level meeting, directed the department to extend active support to NIFT for establishment of the incubation centre which would...

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Vijay Textiles’ net profit jumps 245 per cent

Vijay Textiles Limited, a leading fabric manufacturing company reported a jump of 245 per cent in net profit to Rs. 1.72 cr as against Rs. 0.49 cr in q1fy17. Total revenue for q1fy18 rose by 66.54 per cent to Rs. 40.94 cr as against Rs. 24.58 cr in the same period of last year. Commenting on the result, Vijay Kumar Gupta, Chairman & Managing Director said, “We are seeing an enhanced demand across segments and geographies. We expect the momentum to continue on account of new product launches and better orders for organised players like us on account of...

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Virat Kohli, Puma to launch athletic leisure brand

Indian Cricket team’s skipper Virat Kohli in association with sports lifestyle brand Puma will launch a new brand for athletic leisure in November this year. This association will also support and cater to the basic requirements of sports. The athleisure brand will be available in various categories including apparels, accessories and footwear. In accordance to the agreement, Puma will handle the functions related to distribution and product expertise, said a leading daily quoting a top official from Puma. The sports brand by Kohli will be available in all the stores of Puma, multi-brand retail stores, and online as well....

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Indian companies showcase textile portfolio at Textillegprom Moscow

The Federation of Indian Chambers of Commerce and Industry (FICCI) and Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) organised an India Pavilion at the textile and light industry expo, the 49th International Textillegprom, Moscow, from August 29 to September 1, 2017, where 95 Indian companies showcased their products, stated Anand Kumar Singh, Secretary, Union Ministry of Textiles. Pankaj Saran, Ambassador of India to Russia, inaugurated the India Pavilion at Textillegprom 2017, along with Minister of Textiles from Karnataka and the Secretary Textiles, in Moscow. Nonna Kagramanyan, Vice-President Business Russia, Alexander Kruglik, CEO RosLegProm, Anil Rajvanshi from Reliance and...

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India–Singapore trade can reach $25 bn

Commenting on the Indo-Singapore trade on the sideline of Singapore International Expo, Ganesh Gupta, President, FIEO said that the expo is providing wonderful opportunity to micro and small exporters to showcase wide range of quality products to high demanding customers in Singapore. Exporters will move from B2C to B2B platform through participation in such Expo observed Gupta. India’s export to Singapore grew by 23 per cent last fiscal though overall exports grew by only 4 per cent. Yet bilateral trade between India and Singapore is only 2.52 per cent of India’s overall trade. FIEO Chief said that we can...

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