The textile industry largely relies on LPG for processes such as dyeing, finishing and steam generation but the latest price has increased per-unit costs, further impacting already thin margins.
Business News
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The government has set a target of producing 498 lakh bales of cotton, each weighing 170 kg by 2030–31, while increasing lint productivity from 440 kg per hectare to 755 kg per hectare. Approximately 32 lakh farmers will be benefitted, leading to self-reliance.
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With this appointment the textile manufacturer aims to focus on strategic alignment and execution, scaling value added businesses, and strengthening global presence.
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While premium brands made up 71% of total sales during the quarter. Sales from INTUNE, the affordable format, grew 24% to Rs 67 crore (US $7.05 million).
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The Centre's 11% import duty waiver on cotton between August and December last year kept prices stable, however, with the withdrawal of the duty exemption in December, imported cotton became costlier
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Amazon Supply Chain Services competes directly with third-party logistics companies by providing businesses of all sizes with access to the e-commerce giant's freight, distribution, fulfilment, and parcel shipping capabilities.
