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India's Prabhat Dairy Invests $20m in New Production Facility
Nov 22, 2016Indian firm Prabhat Dairy has invested about INR140 crore ($21m) to establish new production lines for cheese at its Shrirampur facility in Ahmed Nagar. The company's cheese product portfolio includes mozzarella, cheddar, processed cheese ...
Tags: Prabhat Dairy, cheese
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KKR to Invest INR520 Crore in Indian Dairy Firm Kwality
Jul 16, 2016US-based private equity firm KKR has committed to invest INR520 crore in India’s dairy company Kwality to support is growth plans. Kwality will utilise the funds for capital expenditure purposes to further strengthen its milk ...
Tags: INR520 Crore, private equity
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ITC Plans to Invest $593m to Set up Eight New Food Processing Units in India
May 23, 2016Consumer goods conglomerate ITC is planning to set up eight new integrated food processing units in India by 2019, by investing over Rs 40bn ($593m). According to ITC divisional chief executive V L Rajesh, the investments are part of the ...
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Nestle India Resumes Maggi Noodles Production at Fourth Facility
Nov 26, 2015Nestle has resumed production of its instant noodles product at the fourth plant, located at Pantnagar in Uttarakhand state, a move that comes after it was able to successfully re-launch Maggi Noodles in the Indian market earlier this ...
Tags: Nestle, Maggi Noodles
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Indian Government Will Replace All Streetlights Nationwide with LED Bulbs Within 24 Months
Nov 10, 2015Government of India will replace all street lights of the country with LED bulbs in next 24 months. This is in line with the Ministry’s motto of providing energy efficiency and dependable energy in the country. Under Domestic ...
Tags: Streetlights, LED Bulbs, solar power
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Pepe Jeans Aims to Double Indian Sales to RS 1500 CR
Sep 1, 2015Casual wear brand Pepe Jeans London has unveiled ambitions for its India operations. The brand is looking to double sales in India to up to Rs 1,500 crore in the next three years riding on new categories such as footwear and kids-wear ...
Tags: Pepe Jeans, Casual wear
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Dollar Industries Debuts Premium Innerwear Brand Force NXT
Sep 1, 2015Indian innerwear and outwear marketer Dollar Industries has launched a premium men's undergarment brand, Force NXT. Milind Soman, brand envoy for Force NXT unveiled the logo of Force NXT in the presence of Vinod Gupta, managing director ...
Tags: Dollar Industries, innerwear, outwear
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India's Apparel Biggies Record Higher Sales in Q1
Aug 24, 2015India’s apparel industry is continuing its upward growth curve with the overall index value recording 6.2 points, according to The Clothing Manufacturers Association of India’s (CMAI) Apparel Index for April-June 2015. Much like ...
Tags: apparel industry, Clothing
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Maharashtra's New Textile Policy Seeks Rs 80, 000 Cr
Aug 18, 2015The Maharashtra government has in-principle accepted a new ambitious and comprehensive textile policy that envisages setting up of textile hubs at an investment of Rs 80,000 crore in five years, according to media reports. BJP MLA ...
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Monte Carlo Fashions Q1FY16 Sales Decline 5.9%
Aug 12, 2015Monte Carlo Fashions (MCFL), a retailer of branded apparels reported that its sales declined 5.9 per cent year over year for the first quarter ended June 30, 2015. In a press release, MCFL said its revenue fell 5.9 per cent from a fiscal ...
Tags: apparels, woolen, woven products
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North Indian Spinning Mills Mull Once-a-Week Shutdown
Aug 12, 2015Textile spinning mills affiliated to the Northern India Textile Mills' Association (NITMA) are considering cutting back production and shutting down their mills once a week against the current trend of operating a mill 24x7. In a press ...
Tags: spinning mills, yarn, Textile
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Welpsun India Reports Revenues at RS 1388.5 Crore in The First Quarter of Fiscal 2015
Jul 24, 2015Driven by strong volume growth and surge in domestic sales, revenues in the three months to June 30, 2015 at Indian home textiles major and BK Goenka led Welpsun India Ltd soared 18 per cent year on year. In the first quarter of fiscal ...
Tags: home textiles, textile
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90 Textile Spinning Mills to Reduce Production of Synthetic Yarn by Shutting Down Units
Jul 21, 2015Around 90 textile spinning mills, located in Tamil Nadu, will reduce their production of synthetic yarn by shutting down their units for two-days-a-week beginning tomorrow, according to media reports. The decision to stop production on ...
Tags: textile manufacture, yarn, synthetic yarn
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Weaving Machinery and Accessories Expo Held in Erode in Tamil Nadu Generated Business
Jul 17, 2015The three-day International Textiles, Weaving Machinery and Accessories Expo held in Erode in Tamil Nadu generated business of over Rs 200 crore, according to media reports. In a press release, M A Rayappan, chairman of Hi-Tech ...
Tags: International Textiles, textile manufcture, weaving machinery
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Textile Segment Grew 10.74 Per Cent Year Over Year at Diversified Indian Manufacturer
Jul 14, 2015Textile segment sales in the first quarter ended June 30, 2015 grew 10.74 per cent year over year at diversified Indian manufacturer, Sintex Industries Ltd. In a BSE filing, the textile division of Sintex Industries reported sales of Rs ...
Tags: Textile Segment, Sintex Industries, Textile
