Business Standard

Textile sector

Arvind Ltd Q4 result: Profit rises by 7.32% as demand remains steady

Consolidated revenue from operations in FY24 stood at Rs 7,737.75 crore as against Rs 8,382.48 crore in FY23

Arvind Ltd Q4 result: Profit rises by 7.32% as demand remains steady
Updated On : 06 May 2024 | 2:06 PM IST

Over 1 lakh people attend textile expo 'Bharat Tex'; 63 MoUs announced

Over one lakh trade visitors attended the four-day mega textile expo 'Bharat Tex', where 63 MoUs were announced in various fields, including entrepreneurship, skilling and sustainability, the government said on Friday. India's largest global textile event 'Bharat Tex 2024', organised at two venues -- Bharat Mandapam and Yashobhoomi, concluded on February 29. "The four-day event, which was inaugurated on 26 February 2024 by Prime Minister Narendra Modi at Bharat Mandapam witnessed an overwhelming response not just from Indian, but also global players, including top brands and retailers," an official statement said. Over 10,000 artisans, weavers, design and fashion students, factory workers, NGOs and producer companies visited and participated in the Bharat Tex 2024 as special invitees. Built on the twin pillars of trade and investment and a focus on sustainability, the 4-day event attracted, besides policy-makers and global CEOs, 3,500 Exhibitors, 3,000 Buyers from 111 countries and

Over 1 lakh people attend textile expo 'Bharat Tex'; 63 MoUs announced
Updated On : 01 Mar 2024 | 5:04 PM IST

Bharat Tex: What is 'Five F' roadmap, Centre's plan to boost textile sector

To boost the textile sector's capabilities, India is organising a four-day event, 'Bharat Tex 2024', a global textile event being held at Delhi's Bharat Mandapam

Bharat Tex: What is 'Five F' roadmap, Centre's plan to boost textile sector
Updated On : 26 Feb 2024 | 1:12 PM IST

'Govt to increase exports of 10-11 sectors from $160 bn to $500 bn by 2030'

The government is working on boosting domestic manufacturing and increasing exports to USD 500 billion by 2030 from 10-11 sectors, including automobiles, pharma, textiles, medical devices and chemicals, a senior official said on Thursday. These issues were discussed during a meeting called by the Commerce and Industry Ministry on Thursday. The meeting was convened by the Department of Promotion of Industry and Internal Trade (DPIIT) in collaboration with Invest India and SCALE (Steering Committee for Advancing Local Value-Add and Exports) Committee to unveil outcomes and recommendations made during the Chintan Shivir for Manufacturing, held on October 12 at Bharat Mandapam here. The 11 sectors are auto components, automobiles (including EVs), capital goods, chemicals, drones, medical devices, aerospace and defence, leather and footwear, textiles, and space. "We are looking at investments in these sectors. We will drill down to each of the areas to see how to promote manufacturing

'Govt to increase exports of 10-11 sectors from $160 bn to $500 bn by 2030'
Updated On : 29 Dec 2023 | 12:11 AM IST

Indo Count surges 8%; stock nears record high on strong Q2 results

The company registered its highest-ever quarterly revenue, volumes and Ebitda during the September quarter.

Indo Count surges 8%; stock nears record high on strong Q2 results
Updated On : 07 Nov 2023 | 9:51 AM IST

Alok Industries up 13% in muted market as 116 million shares change hands

On August 14, billionaire Mukesh Ambani-owned Reliance Industries said it would likely invest around Rs 14,200 crore in its subsidiaries in the current financial year

Alok Industries up 13% in muted market as 116 million shares change hands
Updated On : 31 Aug 2023 | 12:31 PM IST

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%

Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy to provide robust opportunities for Indian exporters.

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%
Updated On : 21 Aug 2023 | 10:50 AM IST

Welspun India soars 13%, hits 52-week high on 7x YoY jump in Q1 PAT

So far this calendar year 2023 (CY23), the stock has rallied over 45 per cent, as against an 8 per cent jump in the S&P BSE Sensex

Welspun India soars 13%, hits 52-week high on 7x YoY jump in Q1 PAT
Updated On : 31 Jul 2023 | 2:56 PM IST

High cotton prices, dull demand to keep textile stocks in check: Analysts

With cotton prices at home on the higher end versus global markets, analysts believe that the disparity is affecting India's global competitiveness in the near-term

High cotton prices, dull demand to keep textile stocks in check: Analysts
Updated On : 28 Jul 2023 | 10:17 PM IST

TMS Ep485: ITC hotel demerger, Russian crude oil, textile stocks, demerger

What does demerger of hotel biz mean for ITC? Are the days of cheap Russian crude over for India? Why are analysts wary of textile stocks? What is demerger? All answers here

TMS Ep485: ITC hotel demerger, Russian crude oil, textile stocks, demerger
Updated On : 27 Jul 2023 | 12:38 PM IST

Falling demand, strong price competition pushing textile market into crisis

Many believe that two major reasons for erosion of India's global competitiveness are the 11 per cent import duty levied on cotton and high volatility in cotton prices during the last two years

Falling demand, strong price competition pushing textile market into crisis
Updated On : 20 Jul 2023 | 6:25 PM IST

Gokaldas Exports rises 9% to hit 52-week high on hopes of better outlook

The management highlighted that most US customers could start buying from Q3FY24 for the next season and overall demand should improve from Q4FY24.

Gokaldas Exports rises 9% to hit 52-week high on hopes of better outlook
Updated On : 12 Jun 2023 | 1:40 PM IST

Govt to form ESG taskforce, finalise contours of PLI for textile: Goyal

The government will form an Environmental, Social, and Governance (ESG) taskforce for the textiles sector to enhance its credibility in view of India's own commitment to sustainability, Union Minister Piyush Goyal on Saturday. Talking to reporters, the Minister of Commerce & Industry and Textiles also said that the contours of the Production Linked Incentive (PLI) scheme for the textile sector will soon be finalised and taken up for approval at the higher level. The ESG taskforce which will look at environmental, social and governance issues in the textile sector as credibility is becoming more and more important and exporters shared that they were getting twice the value for the same product if it is a sustainable product. "We have discussed that textile will also contribute to that and this group will come up with suggestions which will help the textile sector become more sustainable in their current operations and also look for more opportunities in sustainable textiles," said .

Govt to form ESG taskforce, finalise contours of PLI for textile: Goyal
Updated On : 22 Apr 2023 | 10:50 PM IST

Modi govt to set up 7 mega textile parks, generate over 2 mn jobs

The scheme was announced in October 2021, and the parks will be set up by 2026-27. The total outlay for the project is Rs 4,445 crore

Modi govt to set up 7 mega textile parks, generate over 2 mn jobs
Updated On : 08 Apr 2023 | 8:38 AM IST

Export benefits under RoDTEP extended to 18 textile items including sari

The government has extended export benefits under RoDTEP scheme to 18 items related to textiles sector, including saari and lungi, with a view to boost shipments of these goods. Benefits under the duty refund scheme -- Remission of Duties and Taxes on Exported Products (RoDTEP) -- will be given to exports made from March 23, the Directorate General of Foreign Trade (DGFT) has said in a notification. Under the RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, will be refunded to exporters. "18 tariff lines...are being added...under RoDTEP for exports made from March 28, 2023," it said. The items include shirting fabrics, casement, and cambric.

Export benefits under RoDTEP extended to 18 textile items including sari
Updated On : 26 Mar 2023 | 11:14 PM IST

Softening cotton prices turning tides in favor of textile players: Analysts

Increased capacity utilisation, softening cotton prices set to help sector: Analysts

Softening cotton prices turning tides in favor of textile players: Analysts
Updated On : 03 Mar 2023 | 10:34 PM IST

TMS Ep379: GDP slowdown, fake websites, textile stocks, Jan Vishwas Bill

What's behind the GDP slowdown in Q3? How big is the fake website problem? Will softening cotton prices firm up textile stocks? What is the Jan Vishwas Bill? All answers here

TMS Ep379: GDP slowdown, fake websites, textile stocks, Jan Vishwas Bill
Updated On : 01 Mar 2023 | 8:00 AM IST

Govt clears 15 R&D projects worth around Rs 32.25 cr in key strategic areas

The 5th Mission Steering Group chaired by Union minister Piyush Goyal on Friday cleared 15 R&D projects worth around Rs 32.25 crore in key strategic areas such as speciality fibre, protective textiles, high-performance textiles, geotextiles, medical textiles, sustainable textiles and textiles for building materials. The projects have been approved by the government under the National Technical Textiles Mission. "Encouraging young engineering minds to pursue technical textiles in India is the need of the hour. A broad guideline under start-up scheme was discussed and may be finalised on priority targeting aspiring innovators, entrepreneurs and young scientists," an official statement said. Addressing the meeting, textiles minister Goyal said leading textile manufacturers and institutes should come together to indigenously develop strategic and high-value technical textile products with support of National Technical Textiles Mission. Among these 15 R&D (Research & ...

Govt clears 15 R&D projects worth around Rs 32.25 cr in key strategic areas
Updated On : 27 Jan 2023 | 10:54 PM IST

Pak textile sector suffers massive financial loss due to power outage

Industries all over Pakistan were halted after the significant power outage since the National Grid's electricity supply to three provinces was interrupted

Pak textile sector suffers massive financial loss due to power outage
Updated On : 25 Jan 2023 | 8:48 AM IST

Textile stocks in focus; Nitin Spinners, Filatex, Lambodhara zoom up to 16%

Lambodhara Textiles hit a 52-week high of Rs 164, surging 16% in the intra-day trade toda. The stock has rallied 30% in the past two trading days

Textile stocks in focus; Nitin Spinners, Filatex, Lambodhara zoom up to 16%
Updated On : 09 Jan 2023 | 2:29 PM IST