Afound, an off-price marketplace offering selected, broad and varied range of discounted products from well-known lifestyle and fashion brands, with both external and the H&M group’s own brands, with an extensive selection for both men and women, is set to launch in Sweden in 2018. H&M offer fashion and quality at the best price in a sustainable way. 

The reduction of corporate tax to 25 per cent for companies with turnover upto Rs 250 crore will benefit textile and garment firms in Tamil Nadu, according to the Coimbatore based Indian Texpreneurs Federation (ITF). The textile body also welcomed the increase in budgetary support to the textile sector in the Union Budget 2018-19 laid in Parliament today.

Kishore Biyani-owned Future Group’s Future Supply Chain Solutions will acquire Snapdeal’s logistics arm Vulcan Express Pvt Ltd in an all-cash deal valued at Rs 35 crore, the company has announced. The group plans to boost its last mile capabilities and offer better solutions to its e-commerce and retail clients through Vulcan, Biyani said in a statement. 

The heart of the world textile industry will beat at ITM 2018 International Textile Machinery Exhibition to be held in Istanbul between April 14-17, 2018. With the participation of hundreds of manufacturers, each developing leading technologies in their respective fields, and the visits of the worldwide industry investors and trade delegations the event will turn into a textile show.

The 15th International and 73rd All India Textile Conference being organized by the Textile Association (India), Vidarbha on February 2 and 3 at Dr Vasantrao Deshpande Auditorium, Civil Lines.

Nitin Spinners, the Bhilwara, Rajasthan based company that manufactures 100 per cent cotton yarns and cotton fabrics, will be setting up an integrated textile unit in Chittorgarh district of Rajasthan at a cost of Rs 650 crore. Nitin Spinners’ turnover increased 15.68 per cent year-on-year to Rs 287.10 crore for the quarter ended December 31, 2017.