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Lindstrom India expands Kolkata operations

Inaugurating the new service unit, Juha Laurio, President & CEO, Lindstrom Groupstated, "It's been commendable the way India market is shaping up for Lindstrom Oy. Kolkata has been a strategic choice for us. Given our vision of 2020, we are making headway and achieving the right milestones here in India."

Laptev Finance gets CCI nod to acquire Welspun's plates and coils biz

In a combination notice, CCI said "Welspun Corp Ltd and Laptev entered into a business transfer agreement on 31 March 2019, wherein Welspun has agreed to sell, assign, transfer, convey and deliver, and Laptev has agreed to purchase and acquire the Target Business from Welspun as a going concern on a slump sale basis."

Govt mulling setting up mega parks near ports to attract FDI: Textile Secretary Ravi Capoor

The government is mulling setting up around ten integrated mega parks with state-of-the-art infrastructure near ports to attract foreign direct investment, a top official said on Monday. Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks.

Bodycare International ropes in Bollywood diva Shilpa Shetty Kundra on board as brand ambassador

The Dhadkan actress has had a large fan following ever since her Bollywood debut in the 1990s. She is also an advocate of health and fitness and is also known for her strong advocacy of yoga as a way of life. Shilpa feels her association with Bodycare comes naturally as the brand promotes style, comfort as well as healthy wearing.

Govt invites proposals from agencies to study power loom sector schemes

The textiles ministry had launched the schemes for harmonised growth of the power loom sector in terms of improvement in infrastructure facilities, market development to overcome the lack of preparatory/pre-loom facility in power loom clusters.

Grasim forms JVC with German power engineering company MR

Aditya Birla Power Composites - which is a 100% subsidiary of Grasim- will become the JV, holding 49% stake of MR and 51% stake of Grasim. It will be spending Rs 100 crore in setting up a facility in Halol in Gujarat over the next 3 to 5 years.

Rupa & Co bets on modern retail for Rs 2,000 crore topline by FY'2021-22

The company, which had posted about 4 per cent growth in business in FY19 over FY18, is hopeful of being able to achieve double-digit growth in sales this fiscal backed by its retail expansion.

Asahi inks JV with UK’s Tennants Textile Colours

Announcing the joint venture Arjun Jaykrishna, Executive Director of Asahi Songwon Colors Limited said the plant will be located at Dahej, Gujarat for which land has already been procured. Production should start by March, 2021.

Khadi may soon open its maiden foreign venture beginning with Bhutan

In addition, six Indian designers (Anjana Bhargav, Nitin Bal Chauhan, Paras Gairoliya, Payal Jain, Rahul Mishra & Renu Tandon) created a special Khadi ensemble each, which too were spotlighted at the event.

Two retail investors petition NCLAT against Alok Industries' delisting move

The litigants claim they represent an informal group of more than a thousand retail investors in Alok Industries

Slowdown tales: Bhiwandi’s power looms fall silent

Slowdown tales: Bhiwandi’s power looms fall silent

Bhiwandi once had more than 8 lakh power looms & the textile hub was a guaranteed source of income for many.

Cheaper yarn imports hurting domestic textile players

Cheaper yarn imports hurting domestic textile players

Owing to the US-China trade war as well as free trade agreements with ASEAN countries that allow duty-free imports into the country.

Multiple threats looming which could slow down the pace of domestic apparel exports: ICRA

Multiple threats looming which could slow down the pace of domestic apparel exports: ICRA

Retail sales of clothing and clothing accessories in the US have remained flat during 8M CY2019 vis-a-vis the corresponding period last year.

Virat Kohli brand One8 forays into kids category with Puma

Virat Kohli brand One8 forays into kids category with Puma

Designed by Kohli, the collection comprises a range of sneakers, tees, shorts, active pants and accessories.

Linen Club aims Rs 1,500 crore business by 2024; to add 200 stores

Linen Club aims Rs 1,500 crore business by 2024; to add 200 stores

Besides domestic expansion, Linen Club, which has couple of stores in the Middle East, is also exploring opportunities to open stores in southeast Asian regions.

Man-made fibre imports hurting domestic textile industry: CITI chairman Sanjay Jain

Man-made fibre imports hurting domestic textile industry: CITI chairman Sanjay Jain

CITI chairman Sanjay Jain said that there is an increase in imports of all the MMF products post GST.

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