The meeting of Board of Directors of the Company will be held on Friday the November 24, 2017, inter alia, to consider the allotment of 7,90,000 Convertible Warrants on preferential allotment basis.

Concurrent fairs, the International Apparel, Textile and Footwear (ATF) Import Trade and the China Premium Trade (CPT) have begun today in Cape Town, South Africa. The twin event will end on November 23.It offers a wide range of products for sourcing executives under one roof. First-time exhibitors Belarus and Estonia are displaying linen products.

Coats, the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market, has appointed Hongyan Echo Lu, also known as Echo, as the non-executive director of the company’s board. She will also join the Remuneration Committee and the Nomination Committee of the company. She will assume her role from December 1, 2017.

Patanajali is to set up its textile unit in Assam valley, the land of mulberry and golden silk, next year to produce large number of varieties of textile fabric.

United States Trade Representative Robert Lighthizer recently released an updated summary of the negotiating objectives for renegotiating the North American Free Trade Agreement (NAFTA). The new objectives update the previous ones published on July 17 and this is for the first time that USTR has released a second updated version of negotiating objectives. 

In a joint venture (JV) with the global synthetic materials manufacturer Best Pacific of Hong Kong, Brandix, one of the leading exporters of Sri Lanka, will unlock opportunities in the fast-evolving domains of sportswear and athleisure. The JV will be managed by Best Pacific, a leading one-stop solutions provider in the synthetic segment.