Welspun Group eyes $5 bn revenue by 2020: Goenka

Welspun Group plans to increase its revenue to USD 5 billion by 2020 from the present USD 3 billion, with its flagship textile business contributing half of its income.

Welspun India net up 33%; to bring down debt further

The world's third largest home textile manufacturer Welspun India, which Tuesday reported its best-ever quarterly profit with a 32.7 percent rise at Rs 172.35 crore for the September quarter, said it will considerably bring down its debt this fiscal year.

Welspun to push innovation, own textile brands;eyes $2.5 bn sales

Welspun India, the largest supplier of home textiles in the US and also the world's third largest manufacturer of such items, is targeting USD 2.5 billion revenues by 2020, up 150 percent from present sales, by increasing sale of its own brands and innovative products.

SIMA demands level-playing field for domestic textile sector

Asserting that the domestic textile industry is facing recession for the last 15 months, Southern India Mills' Association (SIMA) has appealed to the Centre to take immediate steps to create a level-playing field for the sector.

Welspun India Q4 net profit jumps 97.39% to Rs 161.37 cr

Textile firm Welspun India Wednesday reported a 97.39 percent increase to Rs 161.37 crore in its consolidated net profit for the fourth quarter ended on March 31, 2015.

US based textile company to launch products in India

Leading US-based home textile company Nextt, which is headed by an Indian, has decided to participate in the 'Make in India' initiative by launching its products in the country early next year.

No Bangladesh garment factory totally safe: Labour group

Safety overhauls of Bangladesh`s garment factories were running behind schedule and none were considered totally safe two years after the Rana Plaza disaster, a global labour group said Thursday.

Regional handlooms textile exhibition begins

 Hand-painted pattachitra-based textiles, tribal kotpad weaves, jamdani and chanderi sarees, hand-knit crochet garments, and an array of embroideries are on display at an exhibition here that began on Thursday.

Textile industry seeks lower duties, more funds for growth

Representatives from South Indian Mills Association met Textile Minister Santosh Gangwar and sought reduction in excise and import duties while pitching for higher fund allocation.

RIL forms JV with China's Shandong Ruyi for textile business

To reposition its textile business and expand globally, Reliance Industries Tuesday announced a joint venture with China's USD-three billion Shandong Ruyi Science and Technology Group.

Indian textile industry has potential to touch $500 bn by 2025

With labour cost increasing in China, the next big destination will be India in this sector.

LS clears bill to revive sick textile units

To speed up revival of sick textile units, Lok Sabha Monday passed a bill to free the ailing National Textile Corporation, which has property worth Rs 25 lakh crore, from rent control laws.

Cotton exports to drop on lower Chinese demand

Cotton exports from India, which touched 11 million bales of 170 kgs each in 2013-14 season (October-September), are likely to decline to 6-7 million bales in 2014-15 due to anticipated poor Chinese demand.

'Textile exports set to touch $50 bn mark this fiscal'

Textile exports are set to touch USD 50-billion mark in the current fiscal, Union Textiles Minister Santosh Kumar Gangwar said Monday.

Will promote Brand India abroad: Textiles Minister

New Textiles Minister Santosh Gangwar today said he would work towards promoting Brand India abroad and boosting country's textile exports.

Rajasthan govt to unveil textiles policy by March 2013: Gehlot

Rajasthan government will introduce a policy for the textiles sector by March 2013 for making the industry more competitive both in the domestic and international markets, the state Chief Minister Ashok Gehlot said on Thursday.

Nigeria releases 70 Chinese arrested for illegally living

They were arrested for their involvement in illegal textile trade, and for taking jobs that belonged to local Nigerians, said the chief of the immigration department in Kano.

Textiles export may touch $38 bn this fiscal

The US and European markets account for over 50 percent of the country's exports and facing economic slowdown.

'Indian textile industry may reach $115 billion by year end'

Indian textile industry is estimated to reach USD 115 billion by the year end with an annual growth projection of 16 percent, Assocham said Monday.

Textile tycoon`s son acquitted in 2006 rape case

A Mumbai court Wednesday acquitted Abhishek Kasliwal, the scion of a city-based textile tycoon, in a 2006 rape case for lack of evidence and the prosecution`s failure to prove the case.