Raymond Ltd witnessed a 15 percent decline in consolidated net profit at Rs 58 crore ($7.9 million) for the fourth quarter ended March 2021, as against Rs 69 crore it had reported in the year-ago period.
As Karnataka has enforced further lockdown measures, local authorities have clarified that fashion textile production is non-essential, but medical textile production can continue under current regulations.
With European populations slowly but surely being vaccinated, designers on the Continent are suddenly expressing a new optimism. Few more so than Demna Gvasalia of Balenciaga in Balenciaga's winter 2021 pre-collection.
BRFL Textiles has launched a new water-free, sulphur textile dyeing process and has increased efficiency at its reverse osmosis unit from 50% to 90% to achieve a recycling capacity of 7.2 million litres of water per day.
As local lockdowns return to numerous locations, the Apparel Export Promotion Council has urged the government to exempt factories from these measures to keep India’s textile and apparel industry afloat.
Pakistan-based vertically integrated denim business Soorty has launched the ‘Soorty Organic Cotton Initiative’ to pioneer the use of organic cotton farmed with regenerative practices in denim production.