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EPCH: Dileep Baid Assumes Chairmanship

05 June  2023, Mumbai

Dileep Baid has taken on the role of Chairman of the Export Promotion Council for Handicrafts (EPCH), succeeding Raj Kumar Malhotra during the 183rd Committee of Administration (CoA) meeting in Jaipur.

EPCH serves as the central agency for promoting handicraft exports from India, with exports reaching Rs. 29,426.38 crores and US $ 3583.52 million in the 2022-23 fiscal year.

Experience is the key

As the head of Dileep Trading Corporation, a prominent handicrafts exporter in northern India for over 30 years, Dileep is a first-generation entrepreneur. Expressing his gratitude for the confidence placed in him, he stressed the need for emerging trends and design intervention in the handicraft sector.

This includes product development, innovative packaging, brand building, improved productivity, enhanced quality and standards, sustainable practices, and compliance, all aimed at increasing the competitiveness of Indian handicrafts in the global market.

Aspirational

Dileep has set an ambitious target to increase handicraft exports by 30 times by 2030, known as the "Teen Guna Tees Tak" goal.

Handicrafts Vision-2030

EPCH has also organized a symposium on 'Handicrafts Vision-2030' to facilitate dialogue among member exporters, addressing challenges, identifying growth opportunities, exploring emerging trends and technologies, enhancing market competitiveness, promoting sustainable practices, and fostering collaborative networking partnerships.

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EPCH: Dileep Baid Assumes Chairmanship

TEXTILE FAIRS INDIA

02 June  2023, Mumbai

SUMMIT to happen on 6, 7, and 8 July 2023 in Pragati Maidan, New Delhi.

Textile Fairs India has emerged as a prominent hub for both Indian and international manufacturers to showcase their cutting-edge innovations.

Boasting nearly 20 years of experience in facilitating fruitful collaborations between exhibitors and buyers, TFI has established itself as a highly reliable platform.

Exhibitors trust TFI to enhance their visibility, establish brand identity, and broaden their customer reach, thereby fostering business growth through the exploration of new avenues and forging valuable connections.

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TextileFair

Birla Cellulose Collaborates with TextileGenesis for Sustainable Fashion

24 May 2023, Mumbai  

Birla Cellulose, a leading producer of sustainable Man-Made Cellulosic Fibres (MMCF), has partnered with TextileGenesis to enhance fibre traceability and promote sustainability in the fashion industry.

Integration of Tracer-Enabled Sustainable Fibres with Blockchain Technology Sets New Standards in Transparency and Environmental Responsibility

Birla Cellulose's tracer-enabled sustainable fibres are integrated with TextileGenesis' blockchain-based traceability platform. This collaboration allows for transparency from fibre to garment, meeting the increasing demand for sustainable and traceable fashion.

Birla Cellulose's commitment to transparency and sustainability is evident through its achievements in conserving forests and promoting circular business models. With plans to expand the collaboration, the partnership aims to deliver transparency solutions, strengthen connections with brands and consumers, and contribute to the industry's focus on environmental sustainability.

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Donear reports for FY2023

23 May 2023, Mumbai  

DonearIndustries Limited has released its standalone financial results for the period ending March 31, 2023.

The company witnessed a slight quarter-to-quarter increase in total income to Rs. 215.6440 crores, while the net profit declined to Rs. 8.5283 crores.

Total Income Shows Slight Increase

In a year-on-year comparison, Donear Industries showed significant growth in total income for the fourth quarter, reaching Rs. 215.6440 crores. However, the net profit declined to Rs. 8.5283 crores.

For the full financial year, the company reported a substantial rise in total income to Rs. 835.8223 crores and a net profit of Rs. 36.24 crores.

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ESG in textile – An Indo Danish perspective

22 May 2023, Mumbai  

An in-person discussion, together with Danish textile brands, government, NGOs, and industry.

Event theme: ESG in textile – An Indo-Danish perspective

Scheduled on 22nd May 2023 at 02:00 pm – 04:00 pm

Venue: Hotel Shangri La Eros, New Delhi through Hybrid Mode.

 

Session included-

Sustainability & the future of the Indian textile industry. 

Sustainability in textile-An Indo-Danish context.

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ESG in textile – An Indo Danish perspective

BSL Ltd. Q4FY23 results reported

09 May 2023, Mumbai 

BSL Limited (BSE: 514045/NSE: BSL), a leading player in the textile industry, has released its audited financial results for Q4 and FY23 ending on March 31, 2023.

The company operates a fully integrated unit with advanced technologies sourced globally that encompasses spinning, weaving, processing, and manufacturing capabilities.

Financial Performance for Q4 & FY23 (in ₹ Crore):

Total revenue for FY23 increased by 8.2% YoY to reach ₹471.7 Cr.

EBITDA for FY23 increased by 33.8% YoY to reach ₹53.4 Cr. PAT for the quarter stood at ₹16.9 Cr. with a PAT margin of 3.58%, marking a 47.3% YoY increase.

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