Textile

India’s textile ecosystem is set for a significant boost following the government’s approval of a Rs 305 crore research and innovation scheme aimed at modernizing one of the country’s most employment-intensive industries. The initiative focuses on strengthening scientific research, supporting advanced material development, and fostering industry-academia collaboration to enhance global competitiveness. Designed to encourage innovation-driven manufacturing, the scheme is expected to accelerate technological adoption across spinning, weaving, processing, and technical textiles.

In a step toward advancing the quality and safety of protective textiles, Indian researchers have developed a suite of thermal testing instruments designed to evaluate the performance of fabrics under extreme heat and fire exposure. This innovation marks a significant milestone for India’s growing technical textile sector, offering reliable, indigenous testing solutions that align with global safety standards.

India’s apparel industry is witnessing a robust rebound, with revenue growth accelerating to 13–14% following a recent Goods and Services Tax (GST) rate cut. Industry experts attribute the surge to lower consumer prices, increased discretionary spending, and renewed demand across retail channels. Both domestic brands and international fashion retailers are benefiting from higher footfall in stores and rising online sales.

The Indian government has formally notified key amendments to the Production Linked Incentive (PLI) scheme for the textile sector, aimed at enhancing domestic manufacturing, exports, and global competitiveness. The revisions clarify eligibility, extend incentives for additional product categories, and simplify compliance norms for manufacturers. With a total outlay of Rs. [insert total PLI fund], the scheme is expected to attract significant private investment, encourage technology adoption, and generate employment across textile clusters.

The Ministry of Textiles is finalizing a comprehensive procurement blueprint to support cotton farmers through the Minimum Support Price (MSP) mechanism. With cotton prices under pressure from volatile global demand and shifting domestic supply patterns, the government aims to reinforce income stability for cultivators while ensuring reliable raw material access for the textile industry.

Vishal Fabrics Ltd., a leading denim manufacturer, posted a sharp 92% year-on-year rise in consolidated net profit for the first quarter, reaching Rs. 9.16 crore compared with Rs. 4.77 crore in the same period last year. Revenue climbed to Rs. 507.7 crore, up from Rs. 498.4 crore, supported by higher sales volumes and improved operational efficiency. The company attributed the performance to strong domestic demand, cost optimization, and better product mix.

Vishal Fabrics Ltd. has posted a strong performance in the first quarter of the current fiscal year, reporting a 92% year-on-year jump in net profit to Rs. 9.16 crore. The growth was driven by improved operational efficiency, higher sales volumes, and strategic cost management. Revenue also saw a healthy rise, supported by consistent demand in both domestic and export markets. The company’s results reflect its ability to navigate market fluctuations while capitalizing on industry opportunities, underscoring its position as a key player in the Indian textile sector.

Arvind Ltd, a key player in India’s textile and apparel sector, posted a 25% year-on-year increase in net profit for the first quarter of FY25, reaching Rs. 54.7 crore. This growth was driven by sustained demand in the textile segment and improved operational efficiencies. The company also reported a healthy revenue trajectory, underscoring its strategic focus on value-added fabrics and strong export orders.

Kaytex Fabrics, a company operating in the textile manufacturing and trading sector, is set to open its initial public offering (IPO) for subscription on July 29. The IPO price band is fixed between Rs. 171 and Rs. 180 per share, signaling investor confidence in the company’s valuation. Through this issue, Kaytex aims to raise fresh capital to support business expansion, strengthen its balance sheet, and fund working capital requirements.