Indian Textile Observer

Industry asks sops only for a few months

Representatives of the textile and apparel industry, have told cabinet secretary K M Chandrasekhar that they need subsidy for a few months to protect the salaries of employees, besides tax concessions to make them price competitive against countries like Cambodia, Vietnam, Bangladesh, China, Pakistan and Egypt.

Textile mills shifting to south India

Regional office of the Textile Commissioner, Coimbatore has informed that no shifting of textile mills from other parts of the country is reported.

United Retail foray into apparel retail

Delhi-based diversified business group United Retail is foraying into the apparel retail segment.

ACIMIT and ICE to hold nonwovens workshop in New Delhi

The Association of Italian Textile Machinery Manufacturers (ACMIT) and the Italian Institute for Foreign Trade (ICE) will be holding workshops in India, China and Iran as part of a promotional program for the technical textiles and nonwovens sector.

DyStar and BASF inks R&D deal

DyStar Textilfarben GmbH and Co. Deutschland KG, Frankfurt, and Germany-based BASF SE have signed a joint research and development (RandD) agreement to improve dyeing processes for textile polyamide fibers.

Vardhman to consider buy-back of FCCB

Vardhman Textiles, major presence in the manufacturing of yarn, fabric, sewing thread and steel, will consider and approve buy-back of foreign currency convertible currency bonds (FCCB).

Arvind to spin off apparel and retail business

The integrated textile and apparel company Arvind Mills Ltd. has announced plans to spin off the company’s branded apparel business and its MegaMart retail business into wholly owned subsidiaries, effective April 1, 2009.

SRF to buy SRF Polymers' EPB and IYB businesses

SRF Limited has announced its decision to purchase the two businesses of SRF Polymers Limited (SRFP), the Engineering Plastics Business (EPB) and the Industrial Yarn Business (IYB).

SBI advises to textile exporters

The State Bank of India has advised local textile exporters to consult U.S. rating agencies about the buyers before shipping goods.

BRFL to set up largest textile plant in the country

Bombay Rayon Fashion Limited (BRFL) plans to open the largest textile plant in the country with an investment of about US $ 250 million.