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Textile exports rise $35.67 billion in 2017-18
The exports of textiles item have increased to $35.67 billion in 2017-18. The Government has fixed export targets for textile and apparel including handicrafts for 2018-19 at $47.29 billion.
Building a new-age textile industry
In future, China’s share is expected to further reduce because of gradual shift of global buyers from there due to rising manufacturing costs in China and availability of other lower cost destinations in other region.
Textile export from Vietnam to hit $31 bn
Despite facing difficulties, the garment and textile sector in Vietnam is expected to export products worth $31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too, the Viet Nam Textile and Apparel Association (VITAS) has said.
Arvind posts Q2 net profit at Rs 64 cr
Textile and apparel player Arvind Ltd reported a consolidated net profit of Rs 64.50 crore for the quarter ended September 30. The company had posted a net profit of Rs 76.65 crore during the same period previous fiscal.
Maharashtra’s 5-year textile policy soon
The Maharashtra Government is working out a new textile policy for the period 2017-22, and has invited inputs from all the stake holders in this regard.
FDI in textile tripled in 3 years: S Irani
Inaugurating the sixth edition of international textile and apparel fair, Vastra-2017, at Jaipur, Smriti Irani, Textile Minister, said that concerted efforts were being made for creating employment opportunities in the textile sector.
Diagonal Consulting & ROVETEX join forces
Israel-based ROVETEX, a global textile management consulting firm, and Diagonal Consulting (India), a strategic and project consulting firm in textiles, to jointly offer strategic and operational consultation services to the Indian industry.
Vietnamese textile attracts $750 mn FDI
The Vietnamese textile and apparel industry attracted more than $750 million in FDI in the first six months of 2017, mostly from investment capital increases in existing projects, despite a reduced number of FDI projects in recent years and the US withdrawal from the Trans-Pacific Partnership (TPP) last January.
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