By 2030, the Government hopes to increase India's textile market to USD 350 billion and improve cotton yields to meet international standards.
Manufacturing News
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Additionally, the business declared that Khurshed Thanawalla has been nominated to serve as an Independent Director on the Board of Sanathan Polycot Private Limited
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Gokaldas Exports Ltd. recorded a 65 per cent increase in net profit to US $ 6 million in Q3FY25, compared to US $ 3.6 million last year. Revenue surged by 79 per cent to Rs. 988 crore, with strong EBITDA margins. The company anticipates growth in acquired entities and stable performance in upcoming quarters.
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Punjab's textile exports saw a 3 per cent increase from the previous fiscal year, driven by the central Government's initiatives, including talent development, export promotion programs, and financial incentives. Key measures like the Samarth Scheme and the RoSCTL program, alongside infrastructure development, have revitalised the state’s textile industry.
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Manufacturing
Indian technical textiles market hits US $ 29 billion, set for further growth fueled by Budget 2025, says report
The penetration level of technical textiles in India varies from 5 per cent–10 per cent across different application areas compared to 30 per cent–70 per cent globally.
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The main events for the apparel industry, which sees a significant spike in business after Diwali, are weddings and Eid. However, this season's weak Eid queries have led to lower production at the majority of domestic factories.
