The consolidated profit after tax at Dollar Industries Limited, one of the top hosiery brands in India, stood at ₹64.25 crore for financial year 2017-18 as against ₹43.46 crore during the previous fiscal, a rise of approximately 48 per cent. The company registered total revenue of ₹984.52 crore for 2017-18 as against ₹887.53 crore during 2016-17. Dollar’s profit before tax stood at 95.8 crore for 2017-18 as against ₹66.75 crore during the previous fiscal, a ris

After the announcement of the special textile package last year, the sector has attracted investments to the tune of ₹27,000 crore, said Union textile minister Smriti Irani. The industry is also expected to get more investment from domestic and international markets in the future. The ₹6,000-crore textile package includes tax and production incentives. Textile commissioner’s office record has shown that investments worth ₹27,000 crore have been infused into the textile se

Deliveries of new short-staple spindles, long-staple spindles, and open-end rotors respectively improved by 21 per cent, 46 per cent, and 24 per cent from 2016 to 2017, according to the International Textile Manufacturers Federation (ITMF). The number of shipped draw-texturing spindles and shuttle-less looms increased by 23 per cent and 13 per cent. Shipments of new electronic flat knitting machines and finishing machines of the category ‘fabric discontinuous’ each rose by 44 per cent year-

ThreadSol has joined hands with the Thai Garment Manufacturers Association (TGMA), which supports research and development in the Thai garment industry, to introduce innovative tech into the Thailand Ready Made Garment (RMG) sector. ThreadSol is a technology leader for the global apparel industry using Artificial Intelligence (AI) and Big Data. As a first step towards the partnership, ThreadSol and TGMA jointly organised a seminar for Thai garment manufacturers on May 18, 2018, named ‘Appa

Pakistani textile sector is facing a shortage of hydrogen peroxide, a chemical used as a bleaching agent for textiles, as local manufacturers reduced it supply in the country. The price of the chemical has also shot up, following which, the All Pakistan Textile Processing Mill Association (APTPMA) has asked the government to allow its zero-rated import. Textile processing units are the major consumers of hydrogen peroxide and its manufacturers’ abrupt move of reducing its supply has create

A cotton ginnery is going to come up at a cost of Ksh 90 million (approximately $886,000) at Kinondo village in Kwale county in Kenya. It aims to revive the country’s cotton industry by improving farming, ginning and garment production. Base Titanium Limited will construct the ginnery with the help of the Kwale Pamba Viazi (PAVI) farmers cooperative society. The ginnery has been launched by Adan Mohamed, cabinet secretary for industry, trade and cooperatives. It will feature 6 gins with a

The US department of commerce (USDC) has announced affirmative final determinations in the antidumping duty (AD) investigations of imports of fine denier polyester staple fibre (PSF) from China, India, Korea, and Taiwan. The scope of these investigations covered fine denier PSF, not carded or combed, measuring less than 3.3 decitex (3 denier) in diameter. The dumping margins determined by the USDC are 65.17 to 103.06 per cent for imports from China, 21.43 per cent for Indian products, zero

Indian government has selected ImpactPPA as the blockchain technology provider for a major economic development project. The government initiative, Bhartiya Harit Khadi Gramodaya Sansthan (BHKGS), which loosely translates to the “Indian Green Cotton Textile Village Development Organisation,” aims to employ up to 50 million women from various states. The project supported by the ministry of small and medium enterprises (MSME) will install looms for textile work in women’s homes starting in

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has announced that the company has doubled the production capacity of its Indian mill, Teejay India, following the completion of an expansion project involving an investment of $15 million. The mill is located within the 1,000-acre Brandix India Apparel City (BIAC) in Vizag, Andhra Pradesh. Teejay India is now capable of manufacturing up to 42 million metres of weft knitted fabric annually using state-of-the-art machines for k

Elevating each segment of the entire value chain of the textile industry, the state of Gujarat is all set to host Farm to Fashion: Indian Textile Global Summit 2018. The three-day premiere summit being held on May 4-6, 2018 will provide a common platform for the entire value chain of textiles to deliberate and develop a vision for the industry for 2030. The global summit being organised by Gujarat Chamber of Commerce and Industry (GCCI) in association with Maskati Cloth Market Mahajan (MCMM