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Why
investments in cotton yarn make sense today
The removal of quotas on January 1, 2005 has ushered in a
new era in world textiles.
China
marching forward to dominate global textile business
China seems determined to dominate the global market for textiles
and apparel. Currently its share in this business is of the
order of 20 per cent. It was wants to jack it up to 40 per
cent by 2010. This is the impression gathered by the Texprocil
delegation headed by its chairman B K Patodia which visited
China in March 2005.
Court
order vs export order
The Madras high court order directing the closure of 660 bleaching
and dyeing units, has put the Tirupur knitwear industry in
a state of turmoil.
Will
India achieve the expected export growth rate?
New
Projects
RSWM
first quarter PAT up 59%
Rajasthan Spinning and Weaving Mills (RSWM), a leading integrated
player in the textiles sector in India, has announced its
unaudited results for the quarter ended June 30, 2005.
T
T records substantial jump in net profit
T T Limited announced its June 2005 quarter results and recorded
substantial jump in both turnover and profits. Net profit
went up by 66.08 per cent to Rs 1.01 crore and turnover by
46.04 to Rs 52.02 crore. EPS on an annualised basis works
out to Rs 3.76 per share.
Shri
Lakshmi Cotsyn Q4 PAT up 98%
Kanpur based textile major, Shri Lakshmi Cotsyn, has reported
an impressive net profit of Rs 299 lakh for the quarter-ended
30.06.05 registering a massive 98% rise from the corresponding
period last year (Rs 151 lakh).
Clariant
registers record growth in textiles
Clariant (India), an affiliate of Swiss multinational and
leading manufacturer and supplier of dyes & speciality
chemical products for textiles, leather, paper, plastics and
polymer industry, has recorded sales turnover (net of excise)
of Rs 90.12 crore in the first quarter of current financial
year 2005-06 against Rs 77.02 crore, recording a growth of
17 per cent over the same period of the previous financial
year.
Textiles
Committee to issue certificate of origin (non-preferential)
The Directorate General of Foreign Trade (DGFT), ministry
of commerce and industry, government of India, has enlisted
Textiles Committee, including all its regional offices as
authorised agency for issuing the certificate of origin (Non-preferential).
BTRA
releases books on quality
The Bombay Textile Research Association (BTRA) has recently
released books on quality and operational benchmarks for modern
spinning mills.
NCTO
lays out five steps to long term China solution
The National Council of Textile Organizations (NCTO), has
laid out a five-step process to achieving a long term solution
to China's distorting trade practices in the textile and apparel
sector.
TN
govt gives go-ahead to wvg park
The Tamil Nadu government has given the go-ahead to the setting
up of Cauvery Hitech Weaving Park, and has also released Rs
3.98 crore towards the project. The funds were handed over
to Mr M S Mathivanan, chairman of the Cauvery Hitech Weaving
Park.
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