Courtesy: Grasim The net revenue from viscose staple fibre (VSF) business at Grasim Industries Limited during the second quarter of fiscal 2019 has been posted at ₹2,606 crore, a jump of 23 per cent as compared to the corresponding period in the previous year. The VSF business has reported quarterly production and sales volume of 137KT and 136KT respectively. EBITDA also increased 23 per cent to ₹576 crore during the second quarter of fiscal 2019. The share of the domestic sales

Around 17 firms have expressed interest to invest to the tune of ₹589 crore in the handlooms and textile sector in Odisha during the recent Make in Odisha Conclave 2018 in Bhubaneswar. Three textile parks will come up in the state at Dhamnagar, Chhatabar and Ramdaspur, according to state minister for handlooms, textiles and handicrafts Snehangini Chhuria. Shahi exports, which has a ₹50-crore stitching unit in the state, will invest another ₹51 crore to expand its unit. Whil

Courtesy: CrumplerIconic Australian baggage brand Crumpler has announced the expansion of its international distributor network in China and Taiwan in partnership with Sea to Summit and Hwa Yao Trading Co., Ltd respectively. With its growing portfolio, Crumpler Asia now has a retail presence in six stores across the continent and five distributors across six countries. "Asia is our fastest growing market outside of Australia, so increasing our distributor network and retailer presence in Chin

Courtesy: Arvind In the second quarter of fiscal 2019, Arvind Limited, one of the largest textiles, apparel and fashion players, has witnessed 15 per cent growth in revenue from garment division and 21 per cent growth in advanced materials division. EBIDTA improved at 24 per cent, partially driven by improvements in margins of advanced materials division.The company's branded apparel business reported revenue of Rs 1227 crore, a rise of 13 per cent and EBITDA climbed 20 per cent. Recently, t

Courtesy: Pexels India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 5.28 per cent for the month of October 2018 over same month of the last year. The index for apparel was up by 0.7 per cent to 139.6 in October, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry. The official WPI for all commodities (Base: 2011-12 = 100) for the month of October 2018 rose by 0.7 per cent to 121.7 from the p

The Global Organic Textile Standard (GOTS) has released version 2.0 of the software tool GOTS Monitor (Water/Energy). The tool was developed by Sustainable Solutions to support the evaluation of factories’ compliance with the GOTS’ “Environmental management criteria”. GOTS comprises OTA (USA), IVN (Germany), Soil Association (UK), and JOCA (Japan). GOTS Chapter 2.4.10 requires that operators need to have available and provide data on energy and water consumption per kg of textile output and

Courtesy: SAC The Sustainable Apparel Coalition (SAC) has released the 2018 Higg Facility Modules on Higg.org. The SAC is an industry-wide group of leading apparel, footwear, and textile, brands, retailers, suppliers, service providers, trade associations, nonprofits/NGOs, and academic institutions working to reduce the environmental impacts of products around the world. The Higg Facility Modules are part of the Higg Index, a suite of sustainability assessment tools to address value chain i

Courtesy: Asahi Kasei/Roica Asahi Kasei’s Roica functional stretch yarn has announced that it has invested in a new warping machine for premium stretch warp knit innovations. The Roica marketing, communication, and innovations investment strategy, launched in 2016 has already created a new, positive and dynamic market growth position for the Roica premium stretch fibre. Created by Asahi Kasei to meet modern consumer needs, these unique Roica advanced families of functional stretch yarns hav

Courtesy: Performance Days Performance Days has announced the two winners of the ECO Performance awards for outstanding new developments in the areas of function and sustainability. The tradefair for innovations, trends, and sourcing of fabrics and accessories in functional sportswear, athleisure, safety, and durability, will be held on November 28 and 29, 2018, in Germany. The jury is highly enthusiastic about the nomination of the ECO Performance award winner and described the award-winni

A delegation of chief executive officers (CEOs) led by Rakesh Bharti Mittal, president of the Confederation of Indian Industry (CII), will visit the United States from November 14 to 16 to reinforce the Indian industry’s commitment to US-India business ties. The business leaders will meet senior US Government representatives, industry bodies and think tanks. With the US midterm elections just concluded, the delegation will aim to strengthen US Government, Congressional and US corporate ties