Over the next few years Magic Textiles wants to focus on marketing and maintaining its short lead times with the potential introduction of a new shift pattern. It is also looking to explore new areas of business, such as manufacturing own-branded products.
Trident Limited, a textile firm has collaborated in a licensing agreement with France-based Lagardère Active Group to launch an exclusive range of home textiles under the French brand, ELLE DECOR in the Indian market.
Filatex India Limited is an Indian textile firm primarily manufacturing several grades of polyester yarn has commenced commercial production for manufacture of 100 million tones per day of polyester fully drawn yarns at its plant in Dahej, Gujarat with effect from March 4, Filatex India said in a BSE filing today.
Brandix, Sri Lanka’s largest textiles and garments exports holding company through Brandix’s Disrupt Unlimited start-up have entered into an agreement with Sri Lanka Inventors Commission (SLIC) to establish a partnership to promote innovation in Sri Lanka and enhance opportunities in the fields of Textile, Apparel and Accessories. As Sri Lankan textile firms is looking to innovation to fuel growth with its exports soaring up 15.7% in the first five months of the year.
