1,000 outlets with nearly two million Liva garments
Mumbai : The Aditya Birla Group announced the launch of Birla Cellulose’s ‘Liva’ brand. Briefing the media, Mr. K. K. Maheshwari, Group Business Director, Fibres and Textiles, and Managing Director, Grasim, stated that the launch of Liva was “indeed a defining moment for us as we take another major step forward in the continuing journey of Birla Cellulose towards achieving greater heights of excellence and growing leadership globally.” He said that the business, long-term, has a great future and that Viscose Staple Fibre (VSF) once reckoned as a commodity was increasingly moving to raise its share of value added products and solutions. Continue reading Birla Cellulose launches ‘Liva’ brand→
Colorant, keeping it’s Corporate goal of integrating the principles of sustainable development and protecting the environmental resources, has successfully launched three new textile dyes under it’s ECO SERIES.
The Cotton Textiles Export Promotion Council (Texprocil) – has recommended some initiatives to the Modi Government to increase India’s footprint in the global market to get the benefit of increased employment opportunities for the rural masses particularly the underprivileged and unskilled labour in the agriculture sector.
Production of Muga Silk in Assam as well as in country during the last five years period is given below, which indicates Muga silk production, has shown an increasing trend and hence, it is not on the verge of extinction.
The Bhagalpur of Bihar is famous worldwide for its distinctive type of tasar silk and coarse varieties of silk fabrics. But the silk handloom weavers of Bhagalpur are facing stiff competition from power loom and mill sector due to high input cost, low productivity and availability of cheaper imported silk fabric etc. sluggish export market and capturing of export market by other major silk producing countries like china in the recent past has also affected Bhagalpur silk industry. Continue reading MoT Announces Rejuvenation of Silk Industry of Bhagalpur→
Texprocil has urged Cotton Corporation of India to buy from the market when prices here are cheaper than abroad and offload when these breach international prices. It would, they say, benefit farmers and mills. Globally, cotton prices have fallen to a five-year low.
After international cotton prices spiked in 2010/11, many spinners decreased the share of cotton in yarn in favor of greater use of polyester. At the start of 2013, the gap between cotton and polyester prices widened. Polyester prices remained fairly stable at around 74-76 cts/lb for most of 2013 and 2014 until dropping to 65 cts/lb in April of this year. During the same period, international cotton prices climbed higher, reaching 99 cts/lb at their peak. Continue reading World Cotton Demand Expected to Improve as Prices of Polyester and Cotton Converge : ICAC→
Bhilwara based Sangam (India) plans to venture into the seamless garment segment with an investment of Rs. 120 crore. The company is to set up 10,000 spindles for slub yarn and a mercerising unit, besides modernising the processing division. The project, which is expected to be completed by March 2015, would be funded through a term loan of Rs. 89.50 crore and internal accruals.
The company would install 36 circular knitting machines imported from Santoni, Italy, the world leader in seamless knitting technology. The company aims to manufacture 10,000 pieces of seamless garments a day from the next financial year. Seamless knitted garments are used worldwide in the wellness industry, for yoga and sportswear. Seamless garment technology eliminates the process of fabric laying, cutting and sewing which leads to savings in terms of cost and time. Continue reading Sangam (India) to set up Rs. 120 cr seamless garments project→
The Indian textiles industry is facing still competition from foreign textile industry including neighbouring countries especially from Bangladesh, Pakistan and Sri Lanka as these countries are taking advantage of unilateral tariff preference scheme granted to developing countries.