Exhibitors relished a busy two days at this season’s edition of Textile Forum as manufacturers presented more than 70 collections.

Revenue from the petrochemicals segment at Reliance Industries Ltd (RIL) increased by 24.9 per cent year-on-year to Rs 27,999 crore ($4.3 billion) in second quarter of fiscal 2017-18. RIL’s consolidated revenue for the quarter stood at Rs 101,169 crore ($15.5 billion), an increase of 23.9 per cent over corresponding period of the previous year.

Union textiles minister Smriti Irani has urged the textile exporters to contribute towards artisans' welfare and development. The design and product development in the textiles industry has a crucial role in value realisation which helps in the growth of the artisans and producers, said Irani while inaugurating IHGF - Delhi Fair Autumn 2017.

Trading session at cotton market witnessed buying of second grade lint on the higher side with stable physical prices. Buyers also made forward deals for a month's delivery period in second grade of cotton. On the other hand buyers and sellers looking for better grades remained busy in price wars to make deals.

Bal Tekstil, professional manufacturer of carpets and rugs in Ontustik, the South Kazakhstan region’s special economic zone, since 2011 has signed a supply contract with IKEA, Sweden’s international home furnishings retailer.

Indian textile exporters are facing difficult times since the past few months which have led to constrained growth as well as pressures on profitability, according to ICRABSE -0.22 %.