The Aditya Birla Group has proposed a four-way restructuring plan to bring its retail business under Pantaloon Fashion & Retail (PFRL) and offer a maximum of 10 per cent equity stake to an investor in the consolidated entity, according to ...
Tags: Birla Group, Pantaloons Fashion
A two-day national workshop on the textile parks sanctioned under the Scheme for Integrated Textile Parks (SITP) is being organised by the Ministry of Textiles, Government of India, in Surat on 9-10 April, 2015. The workshop, ...
Tags: Textile Parks, textile
Kishore Biyani led Future Retail said it has raised Rs 600 crore through an issue of non-convertible debentures (NCDs) on private placement basis. In a BSE filing, Future Retail said, "The committee of directors has considered, ...
Tags: BSE filing, Apparel
The Tirupur Exporters’ Association (TEA) has appealed to Prime Minister Narendra Modi to expedite a comprehensive economic partnership agreement with that country to arrest falling knitwear exports. Modi’s visit to Canada begins ...
Tags: General Preferential Tariff, Tirupur Exporters'Association, Apparel
Indian government has decided to set up 800 SFURTI (Scheme of Fund for Regeneration of Traditional Industries) clusters with an investment of Rs 850 crore by March 2017 to boost khadi and village industries, according to media reports. ...
Exporters from select labour intensive sectors will be able to access cheaper credit soon as the government prepares to reintroduce an interest subvention scheme in the next couple of months, according to media reports. “The ...
Tags: select labour intensive sectors, interest subvention scheme, Textile
The Andhra Pradesh government’s new industrial policy has come as a shot in the arm for the textile industry in the state. According to media reports, the new policy which will be in force till 2020, provides a host of incentives for ...
Tags: Andhra Pradesh, textile industry, Textile
The textile industry of Tamil Nadu has appealed the state government to reduce VAT on raw cotton and cotton yarn cones from 5 per cent to 2 per cent which would be on par with the 2 per cent CST. According to a SIMA press release, the ...
Tags: Cotton Yarn, textile industry
The government of the northwest Indian state of Punjab is set to establish five primary processing centres for the proposed mega food park being set up by Punjab Agro Industries. Punjab Agro Industries will set up a food park on 100 acres ...
Aditya Birla Group has announced the launch of Birla Cellulose’s ‘Liva’ brand. The Liva fabric uses Birla Cellulose’s viscose staple fibre (vsf) and is manufactured by the company’s accredited partners, who are ...
Tags: Aditya Birla Group, Liva fabric, fabric
“All India kappas (raw cotton) arrivals have touched approximately 3 crore bales and CCI cotton procurement has crossed approximately 80 lakhs bales till now,” informs the fortnightly report of Indian Cotton Federation. It ...
Tags: India kappas, raw cotton, cotton
Minister of State for Textiles Santosh Kumar Gangwar has launched two sericulture schemes for Manipur, at the state capital Imphal. The schemes are Phase II of Sericulture Project for Valley Districts of Manipur and Integrated ...
Wai Wai noodles producer CG Foods is planning to ramp up its noodle production capacity in India, a move that could require an investment of around INR50bn ($801.4m). The investment will be used to establish two manufacturing units in ...
Tags: CG Foods, Noodle Production, Noodle
E-tailing accounted for 76 per cent of the non-travel transactions in the technology driven India’s ecommerce market, says a latest report. The ‘Digital Commerce Report 2014’ released by the Internet and Mobile ...
For the development of textile industry in the state, Maharashtra finance minister Sudhir Mungantiwar proposed an outlay of Rs 59.66 crore in his Budget speech for the year 2015-16 towards interest subsidy of 5 to 7 per cent on long term ...
Tags: Textile Subsidy, textile industry