Sector Textiles, Apparels & Acc. - Latest news, views and updates

SECTOR | 20 Aug 2024

About 2,000 registrations issued under 'India Handloom' brand: Govt

Business Standard

About 2,000 registrations have been issued under the 'India Handloom' Brand for 184 product categories, the government said on Tuesday. The 'India Handloom' Brand was launched on August 7, 2015, on the occasion of the National Handloom Day, to brand high-quality handloom products with zero defects and no ill-effects on the environment. "Since the launch of the "India Handloom" Brand, 1,998 registrations have been issued under 184 product categories," the Ministry of Textiles said. The government has undertaken various measures for promoting the handloom sector. To provide end-to-end support for promotion of the sector and welfare of handloom workers, the Ministry of Textiles is implementing the National Handloom Development Programme and Raw Material Supply Scheme across the country, it said. Under the National Handloom Development Programme, financial assistance is provided to eligible handloom organisations/workers for upgraded looms and accessories, solar lighting units,...

Textiles, Apparels & Acc.

SECTOR | 15 Aug 2024

Textiles, apparel exports rise 4.73% in July on improved demand: CITI

Business Standard

India's textiles and apparel exports in July grew by 4.73 per cent to USD 2,937.56 million compared to the same month last year mainly driven by an increase in demand for apparels, the Confederation of Indian Textile Industry (CITI) said on Thursday. Textiles and apparel exports stood at USD 2,805.01 million in July 2023, CITI said. While the textile exports were steady at USD 1,660.36 million in July compared to USD 1,663.06 million, apparel shipments during the month surged by 11.84 per cent to USD 1,277.20 million from USD 1,141.95 million during the same time last year. "This year has shown promising progress for India's T&A exports, particularly when compared to last year. The growth in exports is largely attributed to the expanding share of Indian apparel in key markets such as the US, alongside increased exports to the European Union and the UK," CITI Chairman Rakesh Mehra said. The industry, he said, remains optimistic about export orders in the upcoming months, and is...

Apparel, Textile Demand Fuels 4.73% Growth In Exports In July

NDTV Profit | 15 Aug 2024

Textiles, Apparels & Acc.

SECTOR | 13 Aug 2024

Textile industry, ILO tie up for best labour standards in cotton farms

Business Standard

Around 6.5 million farmers grow cotton in India, which is the world's second-largest producer and consumer of the commodity

Textiles, Apparels & Acc.

SECTOR | 12 Aug 2024

Cotton acreage trails by 9% at 110 lh till August 12

Business Line

CAI President says rain variability impacting yields; opening stocks for 2024-25 seen lower on higher exports this year

Textiles, Apparels & Acc.

SECTOR | 08 Aug 2024

Fund Manager Talk | Growth stocks will continue to command premium: Vishal Jajoo

Economic Times

Overall corporate earnings have been in-line with expectations and coupled with a good monsoon this year, we are witnessing positive news flow not only from rural India but also from export dependent sectors like IT and Textiles.

Textiles, Apparels & Acc.

SECTOR | 06 Aug 2024

Bangladesh crisis poses significant concerns for textile industry: CITI

Business Standard

Bangladesh, which is facing its worst political crisis since Independence in 1971, poses "significant concerns" for India's textile and apparel sector, particularly for companies operating factories in the neighbouring country, the Confederation of Indian Textile Industry said on Tuesday. The domestic textile industry body believes that any supply disruption in Bangladesh will have an immediate impact on the supply chain, potentially affecting production schedules and delivery timelines of Indian firms. "The situation in Bangladesh is indeed concerning, and we are closely monitoring the developments. Bangladesh's growth in the textile sector has been inspiring and has lent strength to the trade flows in the entire subcontinent. "While we are concerned about the impact on the supply chain and the potential delays and disruptions it might cause, we are hopeful that the situation will improve soon," Chandrima Chatterjee, Secretary General, Confederation of Indian Textile Industry (CITI

Bangladesh's Political Crisis Is A Concern For Indian Textile Industry: CITI

NDTV Profit | 06 Aug 2024

Textiles, Apparels & Acc.

SECTOR | 06 Aug 2024

Vardhman Textiles Q1 Results Review - Inline Revenue, Healthy Margin Drives Earnings Beat: Systematix

NDTV Profit

The brokerage has slightly raised its revenue estimate for FY25/26E by 3% each as it expects demand for fabric to improve.

Textiles, Apparels & Acc.

SECTOR | 05 Aug 2024

These 5 smallcap stocks hit new highs; zoomed up to 110% from June lows

Business Standard

Shakti Pumps, Pokarna, Gokul Agro Resources, Foseco India and GHCL Textiles from the BSE Smallcap index hit their respective record highs, rallied by up 17% in otherwise a weak market.

Textiles, Apparels & Acc.

SECTOR | 26 Jul 2024

Welspun Living: Impact Of PLI On Textiles | NDTV Profit

NDTV Profit

Textiles, Apparels & Acc.

SECTOR | 16 Jul 2024

Century Textiles reports 7.8 crore net profit in June quarter, driven by pulp and paper

Business Line

Despite the challenges of rising input costs and global supply chain issues, the company's real estate segment, under Birla Estates, showed robust growth, contributing 338 crore to revenue.

Century Textiles Q1 Results: Profit Rises To Rs 17.4 Crore

NDTV Profit | 16 Jul 2024 2 more