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Tax refunds to boost textile exports
March 2019
The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.
Birla Cellulose’s Salem meet focuses on sarees
March 2019
As a part of their industry initiative, Liva from Birla Cellulose conducted a hub meet at Salem focusing on saree category.
Nobel laureate sees no recession in sight
March 2019
Times are good and getting better, economically. Professor Edward Prescott, Nobel laureate in economics (Nobel Memorial Prize in Economic Sciences) who is the co-recipient in 2004, visited Texas Tech University (TTU) recently.
SKF launches high load extreme pressure bearing grease
March 2019
SKF India announced the launch of its new and indigenous grease LNEP2IN. This grease is specially-formulated to increase the service life of bearings operating in demanding environments and will carry forward the SKF commitment for global quality and reliability across all geographies.
SIMA welcomes reduction in hank yarn obligation
March 2019
The Hank Yarn Obligation Scheme (HYO) was introduced during 1963 directing the mills to pack 50 per cent of domestic weaving yarn delivery in hank form.
Yarn Expo Spring opens tomorrow
March 2019
Yarn Expo Spring 2019 opens tomorrow, inviting 468 exhibitors from 12 countries and regions, including new exhibitors from Egypt and France, to capture the potential of the yarn and fibre market in China and abroad.
GHCL’s new range is made from recycled polyester
March 2019
The Gujarat Heavy Chemicals Limited (GHCL) is all set to launch a range of home textiles products based on health and wellness.
Grasim to acquire Soktas India
March 2019
Grasim Industries Limited has signed a definitive agreement to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL) for an enterprise value of Rs 165 crore, subject to net debt and working capital adjustments, as of the closing date.
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