Browsing Archive: January, 2011

Gujarat turns into textile sector investment destination

Posted by Vibhore Lodha on Monday, January 31, 2011, In : Indian Market

The 2011 Vibrant Summit attracted investments amounting to around Rs 252 billion in the textile sector. In all 139 MoUs were inked at the 2011 summit. All this in turn is expected to create employment opportunities for a whopping 140,448 people...

The fifth edition of the Vibrant Gujarat Summit held in Gandhinagar was a stupendous success having generated investments totaling to a mind-boggling Rs 20.83 trillion (US $450 billion) having inked 7,936 MoUs.

The previous editio...

Stamps madeup of khadi cloth

Posted by Vibhore Lodha on Saturday, January 29, 2011,

What can be the connection between postal stamps and the historic year 1911? The year in which Delhi is celebrating its 100th year as the capital of modern India, it is also going to host INDIPEX 2011, the World Philatelic Exhibition.

Philately is the study of stamps and postal history and other related items. The exhibit is being organised by India Post, Government of India in association with the Philatelic Congress of India. “It’s a happy coincidence,” says Harpreet Singh, directo...

Ban on export of cotton waste

Posted by Vibhore Lodha on Friday, January 28, 2011, In : Indian Market

Madurai: The Madurai Textile Exporters Association today demanded a ban on export of cotton waste to rein in the prices of cotton yarn and suggested regulated export of raw cotton to protect domestic textile units.

The move to allow export of cotton waste had pushed the prices of cotton yarn by about 15 to 20 per cent. This would dent the margin of the textile units in a big way, association President M Britto said in a release here.

Farmers'' interests were not involved in the export of ...

Maheshwari Chanderi show at Mylapore

Posted by Vibhore Lodha on Friday, January 28, 2011, In : Indian Market

Silken soft texture, cotton weaves that go to an incredible count of 400, and zari borders — these are what define the Maheshwari and Chanderi saris of Madhya Pradesh. And, both have a fascinating history.

The Chanderi weavers came to Madhya Pradesh from Dhaka nearly 300 years ago, while the present-day Maheshwari weavers' ancestors are from Surat, Gujarat. By the 1940s, both Maheshwari and Chanderi weavers had begun to weave with silk in the warp and cotton in the weft.

A sign of traditi...

Arvind Limited witnessing growth in all business segments

Posted by Vibhore Lodha on Friday, January 28, 2011, In : Indian Market

Arvind Limited, one of the largest integrated textile, apparel and branded apparel player have registered 611% growth in consolidated Net Profit for the quarter ended 31st December 2010. It has earned consolidated Net Profit of Rs. 48 Cr. as against Rs. 7 crores in the corresponding quarter of previous year on account of all round volume growth in a buoyant scenario for textile industry in India as well as globally.

The consolidated revenue for the quarter is up by 22% at Rs.1004 crores ...