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Viral Desai wins Make in India Emerging Entrepreneur Award, India
Viral Desai, CEO of the Surat based dyeing and processing house, has won the India Today ‘Make in India Emerging Entrepreneur Award 2016’ in the textiles and garments category. “It was a big honour to
CII Business Confidence index rises markedly in Apr-Jun 2016, India
The CII- Business Confidence Index (BCI) for April -June 2016 (BCI) increased to the level of 57.2, up from the level of 54.1 recorded in the previous quarter reflecting a rise in business sentiment
Kraig Biocraft takes possession of Indiana property, United States Of America
Developer of silk based fibres Kraig Biocraft Laboratories has through a lease agreement, taken possession of a property in Indiana, where it plans to set up its next new production facility. This
SGCCI seeks restoration of subsidy under A-TUFS, India
Powerloom weavers affiliated to the Southern Gujarat Chamber of Commerce and Industry (SGCCI) have submitted a memorandum to Textile Commissioner Kavita Gupta demanding restoration of 30 per cent
Epson to show latest printing technologies at Siggraph 2016, United States Of America
Epson will display its latest professional printing and projection technologies at the Studio at Siggraph 2016 – ‘Transition Spaces’. According to Epson, visitors to the Studio will learn how to use a
Konica Minolta reports 7.8% drop in Q2 revenue, Japan
Japanese digital printer producer Konica Minolta reported a 7.8 per cent year over year drop in revenue to ¥229,131 in the three months ended June 30, 2016. Operating profit too declined 7.8 per cent
Mulungushi textiles to reopen after 7 years, Zambia
Seven years after it went defunct, Zambia’s Mulungushi textiles is set to reopen on August 1 following infusion of $10 million by a Tanzanian Textile mill, that has acquired the company on lease for
Mitsubishi Chemical to offload PTA units in China, India, Japan
Japanese petrochemicals major Mitsubishi Chemical Holdings has decided to sell off its Chinese and Indian operations that make a polyester feedstock in light of a persistent glut of the acid, the
25 Italian textile machinery makers to partake at Irantex, Italy
At the textile machinery show, Irantex to be held September 3-6, 2016, 25 Italian textile machinery producers will participate in an Italian Pavilion, to be set up by ACIMIT. Companies participating
Q1 net at home textiles maker Welspun up 10.29%, India
For the first fiscal quarter ended June 30, 2016, Indian home textiles manufacturer and exporter posted a 10.29 per cent year over year net profit growth at Rs 201.85 crore. Net sales too rose in
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