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Textile Industry

INDIA: SLCL to spend Rs 800 cr on expansion, buyouts

Diversified textile company Shri Lakshmi Cotsyn (SLCL) is planning to invest Rs 800 crore for diversification of existing verticals and acquisitions of mills over the next three years. The company is set to work on backward expansion of its existing facilities and is in talks with some non-performing private cotton textile factories for acquisitions. Confirming the plan to ET, chairman and managing director MP Agarwal said: ”We have a diversified expansion plan for our various verticals that includes, among others, home furnishing, terry towels, denim fabrics, technical textile fabrics and our proposed retail venture.” Apart from textile manufacturing, SLCL is looking to be a player in the manufacturing of a bullet-proof, seven-tonne armoured defence vehicle. It will roll out its first batch by the year end. For this, SLCL has a joint venture with Armet Armored Vehicles, UK. The Indian company is already into manufacturing defence uniforms, infra-red fabrics, nuclear biochemical fabrics, bullet-proof helmets and jackets meant for high altitude areas.


Added: February 25, 2009 Source: Agencies







Highlights of the Foreign Trade Policy

The Hon’ble Union Minister of Commerce & Industry, Government of India, had announced the Foreign Trade Policy on 8th April’05. Some of the Salient Features / Highlights of the proposals pertaining to Textile Industry in general and Handlooms in particular are. >> More


Salient features / Highlights of the Foreign Trade policy


Modern Processing Houses

The Indian Home Textile Industry has access to excellent infrastructure facilities and uses the latest technology and machinery.

Many manufacturers have set up state-of-the-art modern processing houses to roll out large volumes of high quality products to meet the international market demands and expectations. Needless to say that India’s Textile Exports have grown exponentially over the last decade.

Eco- Friendly Dyes: Use of Azo-Free Colours

The manufacturers in India are well aware that AZO free colours and dyes should be used. India has discarded the usage of banned materials in the dyeing process with safe substitutes, to ensure eco-friendliness of the products manufactured by the industry.