Modern India Free Trade Warehousing Private Limited is in the process of acquiring upto 300 acres of land at Taluka Panvel at a total costing of Rs.375 crores. The Company plans to meet this cost through Equity Capital, Debt & Internal Accruals. According to IL&FS report, leveraging on its location attribute, proximity to Mumbai and Navi Mumbai and other large-scale infrastructure projects like Airports, Ports & Special Economic Zones; the site is suitable for establishing Free Trade and Warehousing Zone.

Commenting on Modern India’s foray into FTWZ, Mr. Vijay Kumar Jatia, CMD, Modern India Ltd, says “A need was felt for developing a FTWZ. The FTWZ policy has been evolved to provide much needed infrastructure required for trading and storage activities relating to foreign trade. The key differentiator between an FTWZ and a standard warehouse is the unique product offering wherein the benefits of a free zone are integrated with professionally handled, high quality physical infrastructure, thereby providing an ideal platform for the successful proliferation of trading and warehousing companies in a globally competitive scenario”.

Mr. Jatia further added that “the benefits that come with FTWZ include common facilities such as cost effective skilled labour, transportation facilities, customized warehouse, sophisticated equipments, etc thereby improving the quality of infrastructure while reducing the logistics cost across the industry groups”.

Source: Press release distribution via India PRwire

About Modern India Ltd.

Modern India Ltd (erstwhile Modern Mills Ltd) was incorporated in the year 1933. The company was a composite Textile Mill, however, prolonged strike in 1982 impacted operations of the company. MIL was one of the first to develop surplus land and the company revived on the back of project undertaken to develop a 40 storey residential complex at Mahalaxmi with modern amenities like swimming pool, health club, Jacuzzi, tennis court, squash court and ample parking space. Modern India Limited owns & operates a business centre at Mahalaxmi having about 150,000 sq. ft. of built up area provided to various reputed entities interalia (a) Aviva Life Insurance, (b) ING Vysya Bank, (c) HDFC Bank, (d) MF Global, (e) Emerson Process Mgt. Pvt. Limited, (f) Ugam Solutions Pvt. Ltd. & Lloyds Metal & Engineers Limited. Modern India Ltd. is also developing business space in the vicinity of existing business centre and upon completion it would have about 800,000 sq. feet of commercial space.

Profit after Tax of Richa rose from Rs.3 crs to Rs.7 crs, an increase of 136% and EPS was also registered at Rs.4.27, up by 56% as compared to the previous year.

Richa has recently completed expansion of its capability in all the existing segments ie Knitting, Dyeing & Processing and Garment manufacturing and has completed the fully automated state-of-the-art manufacturing unit at Kawnra, Faridabad. With the commissioning of the plant at Faridabad, Richa has become one of the largest processors in the Indian Market.

The current capacity of the plant is 6000 kg per day for Greige knitted fabric. Richa serves some of the best global brands and exports to markets like USA, Canada & UK besides catering to the leading domestic players.

Source: Press release distribution via India PRwire

About Richa Knits Ltd.

The company is one of the premier multi-divisional Integrated textile company and has the facilities for knitting of fabric, dyeing & processing of knitted fabrics and manufacture of garments for Domestic and Export market. The company has a ‘state of the art’ laboratory facility for developing shades, fastness of colour, fabric quality and adopts stringent quality checks at each step of manufacturing process.

Established under the leadership of Mr. Sushil Gupta (M.Tech-IIT Delhi) in 1993 as a process house to cater to the needs of knitted fabric for exporters in Northern India, Richa Knits has two manufacturing facilities, one at Faridabad for Dyeing and Processing and another state-of-the-art at IMT Manesar, Gurgaon in the outskirts of Delhi for Knitting, Dyeing & Processing and Garment manufacturing. The company has grown creating a niche for itself in the Northern India as a Dyeing and Processing house for the Export Market.

Annual Results for FY 2007 – 08:

Net sales for the year rose by 26.5% to Rs.2545.52 crores as compared to Rs. 2011.68 crores for FY 06 – 07. EBIDTA for the year also registered an increase of 34.6% at Rs.238.29 crores compared to Rs.177.02 crores last year. Clocked PAT of Rs.3.02 crores for the year, down by 85.4% compared to last years 20.64 crores. Exports recorded a phenomenal 69635 MT a growth of 111.15% over the previous years’ 32979 MT.

Q4 Results:

IRSL Q4 net sales stood at Rs.644.17 crores, higher by 5.02% as compared to Rs. 613.36 crores in the corresponding period last year.

Commenting on the Results, Mr. O.P. Lohia, Chairman and Managing Director, IRSL said, “Our performance during the year, especially in the second half of the year, was impacted by lack luster performance of the textile Industry which impacted polyester demand and margins. In spite of that we have registered a healthy top line growth. Polyester demand has been robust over the first quarter of this fiscal, a healthy change in the environment today. With robust environ of the textile sector both in domestic and export sector, and with stable input prices, I believe the polyester industry is in a sweet spot and poised for strong growth. I look forward to improved performance, both in top line & bottom line, going forward.”

The Board of Directors of the Company at their meeting held today declared an annual dividend of 10 %, i.e. Re. 1.00 per equity share.

With a growing consumption across all sectors and with buoyant demand in both domestic and exports of Indian textile, the future augurs well for strong, cost efficient large-scale polyester producers.

Source: Press release distribution via India PRwire

About Indo Rama Synthetics (India) Ltd.

Indo Rama Synthetics (India) Limited was established in India in 1992 with a commitment to quality and customer satisfaction. It’s exposure to international operations gives it a competitive edge in adherence to global standards. With the recent expansion, Indo Rama’s Butibori plant has become one of the largest single-location plants in the world, producing around 6,00,000 tonnes per annum of Polyester Staple Fibers, Filament Yarns, and Textile grade Chips.

Lilliput Fashion Show opened with a spectacular dance performance by Shiamak Dawar’s children troupe. It was followed by a scintillating fashion show by twenty kids walking down the ramp in stylish Lilliput clothing. The little champs displayed the collection in four categories ranging from adventure to casual wear, from party to character wear.

Speaking on the occasion, Mr. Sanjeev Narula, Managing Director, Lilliput Kidswear Ltd. said, “It is always a pleasure to bring smile on the innocent faces of the kids. This Fashion Show provides an excellent platform for us to acquaint the audience with the latest range of high-quality and designer collection which are available in the market at affordable prices. Children are influenced easily and on seeing these little models walk the ramp in our collection, we are sure they would want to wear the range too.”

Lilliput has always been synonymous with quality, design and high-end kid apparels that satiate the fashion desires of the urban children and parents. The Adventure wear ranges from shorts & capris to t-shirts & bermudas all available in earthy as well as bright colours. The party wear is apt for the wedding and festive season making the little ones look more beautiful and elegant. It ranges from ethnic lehengas, party wear frocks for girls to sherwanis, jackets & trousers for boys. The character wear includes character licensed clothing from the likes of movies as Bhoothnath, Incredible Hulk, Spiderman, Iron Man and many more. The casual wear has a vast range from jeans, t-shirt, skirts, tops to choose from in the age group of 0-12 years.

The curtains to the gala fashion show came down with yet another sparkling dance performance by the children troupe which provided the perfect closing to the delightful Lilliput Kids’ Fashion show.

Source: Press release distribution via India PRwire

About Lilliput:

Lilliput Kidswear Ltd. was incorporated in 1991 by the visionary Sanjeev Narula and is one of the largest Kidswear groups in India. Besides India where Lilliput has a large number of 165 stores, Lilliput has its presence in China, Middle East & Egypt. Its turnover in FY 07-08 has been Rs. 260 crores. Throughout the range of their products, the quality is maintained at a consistent level to ensure optimum care for their sensitive customers. Lilliput has a strong workforce of 6000 people in more than 105 cities through out the country. In Exports, Lilliput is very active in Europe, The USA, and other countries. Lilliput partnered with private equity firm INDIVISION in October of 2006. INDIVISION is the financial arm of Future group.

Website: http://lilliput-india.com/

‘about u’ is synonymous with Gen-X girl, The collection has been designed in three separate collections for the different times and different moods of today’s girls to take them through the day and evening, workday and weekends, in trend-setting styles and uber-cool fit. It is the first lingerie brand in India to offer a 75 per cent imported moulded collection.

Speaking on the occasion, Mr. Harsh Bassi, Executive Director, Pioneer Group, said “We have always celebrated “WOMAN” & complimented her style. Today, with this international collection WE commit to the fashion lifestyle of the Gen X Girl. We are proud to launch the collection, which celebrates the beauty and freedom to live the life of today’s girl.”

Mr. Naveen Hooda ,Business Head, About U Fashions Pvt. Ltd. said “The About U range include 10 HOURS, all day long innerwear crafted in cotton with a hint of stretch for ease of movement and snug fit. Cool colors, trendy cuts, clean finish, moulded cups form the key features of this collection; SHINY DISCOwith funky features like transparent straps and gel pad is made to wear beneath off shoulders, strapless dresses; LOVE IS BACK will have semi-sheer fabric, and the daring-yet-dainty designs for the romantic moments.”

The collection will be available at the entire premium MBO’s in North India and Large Format Stores across India by 1st Week of July, with a price point starting from Rs.299 to Rs1499.

Source: Press release distribution via India PRwire

About Pioneer Group

About U Fashions Pvt Limited is a part of the pioneer group, which includes Pioneer Embroideries Limited (PEL), one of India’s largest manufacturers and exporter of all types of embroideries and braided laces. It is one of the largest players in Asia in the embroidery manufacturing segment and the second largest manufacturer in the world for crochet/torchon laces. The company has excellent design capabilities, which differentiates it from other players in the highly unorganized industry. PEL has a library of around 50,000 embroidery designs. Hakoba Lifestyle, the retail subsidiary PEL, is one of the largest chains in the women apparels having a network of 68 retail stores and the brand Hakoba enjoying a very high recognition amongst its target client group.

Speaking on the occasion, Mr. R S Singhvi, President - Corporate, Indo Rama said, “We at Indo Rama believe that skill development and industry-specific training is essential for today’s youth to succeed in the professional environment. I.T.I’s play a vital role in technical skill development in India. However, it’s imperative to constantly upgrade and revise the process so as to meet the changing industry requirements. Through this association we aim to upgrade the academic standards and teaching methods at I.T.I Nagpur and introduce additional courses relevant to the current demand. We would also be facilitating the student in securing employment. We are thankful to the Maharashtra Government for recognizing and supporting us in preparing the youth for present and future challenges.”

Indo Rama is a socially responsible corporate citizen and have taken up initiatives in running medical check-up, blood donation camps, water recycling projects, rain water harvesting etc. We have also established IRA INTERNATIONAL School, CBSE affiliated higher secondary school, and a temple for the residents of Vidharba. This initiative is an extension in the same principles and reinforces our commitment for the development of the region.

Elaborating on the MoU, Mr. J.D.Bhutange, added, “It has always been Maharashtra Government’s endeavour to create better employment opportunities for the youth. This initiative will not only ensure better quality training & industry experience but will also ensure higher employment rate for the state. Indo Rama is the first to take up land in MSIDC Butibori to set up their manufacturing complex and have contributed for the life and welfare for the people of Maharashtra. They are one of the first movers in the Vidarbha region to adopt an ITI and we are confident they will impart professionalism in management of the institute, bring in new perspective for the career and life of the students of ITI. Our efforts to enter to similar agreement for Hingna and Wardha ITI’s are likely to fructify in the near future.

Details of the MoU

The MoU would come into effect from this academic year. As per the MoU, Indo Rama will collaborate with Directorate of Vocational Education and Training for upgradation of I.T.I Nagpur and help them in employment of students, student motivation, faculty and staff development & evaluation. The company shall also help passed out students in securing apprenticeships & relevant employment across the country where suitable opportunities exist; registration with local employment exchange; overseas employment cell etc.

A key element of the association would be setting up of Trade Advisory Committees (TAC). The TAC’s will comprise of trade experts from industry and concerned institutions as well as student & faculty representatives. The role of TACs would be to resolve issues related to improving effectiveness and relevance of training for particular trade groups.

Indo Rama will also extend its assistance and expertise for organizing seminars, workshops & exhibitions, providing industrial training and revamping of curriculum. Indo Rama will also focus on providing counseling concerning nature of vocational courses and career prospects and tracking progress of the I.T.I students for three years after their passing out.

Mr. B P Pant, Addl. Director, FICCI said, “INDO RAMA is one of the few Companies to come forward and adopt an ITI, as part of their social development initiatives. We are happy to initiate and facilitate this joint venture and firmly believe that with knowledge-based guidance from Indo Rama, ITI Nagpur will be able to make their students Industry ready and prepare them to industrial needs and challenges. We welcome Indo Rama Synthetic Ltd. and acknowledges the support of the Maharashtra Government”.

Emphasis will also be given on developing communication skills, interpersonal relationship and personal grooming of the students. For faculty and staff development, appropriate internal and external training programs will be arranged after identifying their need-based training requirements. I.T.I Nagpur will also ensure optimum utilization of the infrastructure facilities, training material, machinery, equipments and other provisions provided by Indo Rama. I.T.I Nagpur provides training in technical field with the objective of providing technical manpower to industries. Presently, the institute is imparting training to 1132 students in 25 engineering and 3 non-engineering trades.

Source: Press release distribution via India PRwire

About Indo Rama Synthetics (India) Ltd.

Indo Rama Synthetics (India) Limited is the country’s largest dedicated polyester manufacturer with an Integrated Manufacturing Complex at Butibori, near Nagpur in Maharashtra producing around 6,00,000 tonnes per annum of Polyester Staple Fibres, Filament Yarns, Textured Yarns and Textile grade Chips.

Pankaj Gupta, winner from Delhi was elated to meet the Bachhans. He said, “It was a great and memorable moment of my life when I met Mr. Bachhan, the living legend of Indian cinema. I was thrilled to meet Abhishek Bachhan and Aishwarya Rai Bachhan who took time off to be with us during the IIFA weekend at Bangkok.”

Nitin Jain said, “I want to appreciate the efforts made by Mufti, who offered us the opportunity to meet the Bachhans in Bangkok.”

Mufti which is a leading men’s fashion wear brand, had conducted a nationwide contest to select the winners who would mingle with the cine celebrities during their stay in Bangkok for the IIFA Awards. Mr. Bachhan, the brand ambassador of IIFA met all the contest winners and chatted with them to their delight.

According to Kamal Kushlani, Managing Director, Mufti, “IIFA has already become an institution and we were proud to send our winners for the three-day event. All the winners got an opportunity to spend time with film legend Amitabh Bachhan and other film stars during their visit”.

Mufti stands for alternate clothing and its products are well-known for its product line is well-known for being innovative, and bringing the latest in men’s fashion wear to Indian markets. Mufti products are already available at leading cities and the company has plans to further expand its network in the coming months.

Source: Press release distribution via India PRwire

About Mufti:

Set-up in 1992 to manufacture men’s shirts, Mufti has come a long way since then and is poised to emerge as the national brand for alternate and fashion wear across India.

Promoted by Kamal Kushlani, a young entrepreneur, Mufti is focused on high fashion as its core activity and markets men’s shirts, T-shirts, Trousers and jeans and is patronized by the fashion conscious youth, film personalities, sportspersons and corporate high fliers.

Innovation is the core strength of Mufti. With a young and dynamic management, Mufti believes that ‘change’ is the only constant factor in the fast changing fashion world and is committed to quality and respect for customer satisfaction.

Mufti’s product development is based on extensive research and development of new fabrics and new designs and is proud of setting up benchmarks for hte industry. Mufti has a well oiled merchandising team and technically qualified staff for sourcing quality fabrics.

The exciting story of Mufti has just begun at a time when India’s youth are increasingly appreciating the importance of alternate clothing. Our rapid progress in the last few years is a great testimony to the changing times and Mufti’s great future.

Mufti is committed to establish an all-India network in the shortest time to reach across to customers across the country. Mufti’s professional management is also keen to tap overseas markets in future and become an international brand with its roots firmly in India.

The Net Profit for the year under consideration is Rs. 5.40Crore, up 26% from the same period last year. In the year going forward, the company plans to target income from lease rentals of commercial spaces from Business Centre at Mahalaxmi of Rs.22Crores, Profit Before Tax of Rs.15Crores and PAT of around Rs.12 crore.

“Currently we foresee steady growth of income from lease rentals and are also developing Electronic Hardware, Software including IT/ITeS SEZ at Khopoli, Dist. Raigad, in Maharashtra and plans are being firmed up to develop Free Trade Warehousing Zone in Taluka Panvel, Dist. Raigad in Maharashtra” said Mr. Vijay Kumar Jatia, CMD, Modern India Ltd

Setting up of a Free Trade Warehousing Zone would be a step forward by the company in furtherance its mission establish Modern India Limited a focused real estate and infrastructure developer Company.

Company is also planning to raise capital to fund its various projects under implementation.

Source: Press release distribution via India PRwire

About Modern India Ltd

Modern India Ltd was incorporated in the year 1933. The company was a composite Textile Mill, however, prolonged strike in 1982 and changes in economic scenario impacted operations of the company. MIL was one of the first to develop surplus land and the company revived on the back of prestigious 40 story residential complex developed named Belvedere Court at Mahalaxmi with modern amenities like swimming pool, health club, Jacuzzi, tennis court, squash court and ample parking space.

Company further renovated its mill complex as “Modern Centre” which now houses various renowned entities in it providing all state of art amenities and efficient business environment.

As part of sensitising the industry about the ways and means of protecting products through Geographical Indications (GIs) Act and to disseminate the benefits of registration to the other sectors like Agriculture, Handicrafts, Small & Medium Enterprises (SMEs), Leather and Fisheries, Textiles Committee, Ministry of Textiles, Government of India is organising a Regional Conference on "IPR Protection through Geographical Indications Act" here in city at Hotel Taj Bangara, Hyderabad. The conference was formally inaugurated yesterday night by Ms. Lakshmi Puri, Acting Deputy Secretary General and Director Division of Trade in Goods, Services and Commodities, United Nations Conference on Trade and Development(UNCTAD). The day long conference will be held today. Mr. Abhijit Das, Dy Coordinator & Officer Incharge, UNCTAD-India and Dr. P. Nayak, Director, Market Research, Textiles Committee also participated in the inaugural function.

The Theme of the Hyderabad regional conference is: IPR Protection through Geographical Indications Act

Speaking immediately after inaugurating the conference Ms. Lakshmi Puri said IPR protection through Geographical Indication Registration is an issue which is extremely important for a developing country like India.

Adding further she stated that in the contemporary world, a new development paradigm is emerging that links the economy and culture, embracing economic, cultural, technological and social aspects of development at both the macro and micro levels. Central to the new paradigm is the fact that creativity, knowledge and access to information are increasingly recognized as powerful engines driving economic growth and promoting development in a globalizing world. "Creativity" in this context referes to the formulation of new ideas and to the application of these ideas to produce original works of art and cultural products, functional creations, scientific inventions and technological innovations.

There is an economic aspect to creativity, observable in the way it contributes to entrepreneurship, fosters innovation, enhances productivity and promotes economic growth. The emerging "creative economy" has become a leading component of economic growth, employment, trade and innovation and social cohesion in most advanced economies. Unfortunately, however, the large majority of developing countries are not yet able to harness their creative capacity for development. The creative economy offers to developing countries a feasible option and new opportunities to leapfrog into emerging high-growth areas of the world economy, she added.

Recognising the importance of emerging creative economy as a leading component of economic growth, employment, trade, innovation and social cohesion for the first time UNCTAD and UNDP have presented the perspectives of the United Nations on this exciting new topic in the Creative Economy Report. It provides empirical evidence that the creative industries are among the most dynamic emerging sectors in world trade. It also shows that the interface among creativity, culture, economies and technology as expressed in the ability to create and circulate intellectual capital, has the potential to generate income, jobs and export earnings while at the same time contributing to social inclusion, cultural diversity and human development. The Report addresses the challenge of assessing the creative economy with a view to informed policy making by outlining the conceptual, institutional and policy framework in which this economy can flourish.

Today, creative industries are among the most dynamic sectors in world trade informed Ms. Lakshmi Puri. Over the period 2000-2005, international trade in creative goods and services experienced an unprecedented average annual growth rate of 8.7 per cent. The value of world exports of creative goods and services reached $ 424.4 billion in 2005, representing 3.4 per cent of total world trade, according to UNCTAD. Nowadays in the most advanced countries, the creative industries are emerging as a strategic choice for reinvigorating economic growth, employment and social cohesion. The so called "creative cities" are proliferating in Europe and North America, revitalizing the economy of urban centres through cultural and social developments offering attractive jobs, particularly to young people. The turnover of the European creative industries amounted to 654 billion euros in 2003, growing 12.3 per cent faster than the overall economy of the European Union and employing over 5.6 million people.

An important conclusion of this study is that developing-country exports of related creative goods increased rapidly over the period 1996-2005 from $ 1 billion. This spectacular growth is indicative of the catching up strategies being pursued in a number of developing countries to increase their capacities to supply value added products to global markets. It also reaffirms the continually expanding demand for creative products that rely on these related industries for their distribution and consumption. This ever-increasing demand is further confirmation of the potential of the creative economy to contribute to economic growth.

China, India, Turkey, Thailand and Mexico are among the top 20 exporters worldwide of creative goods. With exports of creative goods reaching US $ 8.1 billion in 2005, India has improved its ranking from being 16th in 1996 to 11th in 2005. While India’s market share of 2.4% may not appear impressive compared to the 18.3% share of China, India has recorded the highest growth rate among the top 20 exporting countries during 2000-2005. 21.1% growth of India’s creative goods outstripped that of most of the other countries. With $ 6.1 billion exports, design is the largest contributor to trade of creative industries in India. It encompasses six main groups of items—interior design, graphics, fashion accessories, jewellery, toys and architectural services, informed Ms. Lakshmi Puri.

Representatives of industry associations, civil society organisations, research institutions, developmental organisations, co-operatives and other stakeholders from the southern and western states of the country like Andhra Pradesh, Tamil Nadu, Karnataka, Kerala, Puducherry, Maharashtra, Gujarat and Rajasthan are attending this two-day programme besides senior Officers of Government of India, State governments and UNCTAD.

The IPR protection of unique products including textiles and clothing through Geographical Indications have been taken up as an important theme under this project. The main focus of the theme is to (i) strengthen human and institutional capacities of the industry stakeholders and provide feedbacks to policy makers to take better informed decisions, (ii) formulate their strategies with a greater level of understanding of the impact and opportunities from globalisation, in general and IPRs in particular. (iii) creating countrywide awareness on the issues like GI and how it can protect the livelihood of stakeholders, (iv) GI registration of unique products as per the Geographical Indications (GIs) Act of Government of India, (v) market linkage including enhancing exportability of the product, (vi) eliminating unfair practices/ infringement of the unique products through legal interventions.

As of today, the Textiles Committee who has been assigned the project activities in textiles and clothing sector of India has successfully addressing the issues associated with the theme IPR protection of textile and clothing products through Geographical Indications (GIs). A countrywide campaign has been initiated for creating awareness on this new area of Intellectual Property Right. In this process, about 60 workshops have been organised in the key textile clusters of the country and more than 10,000 stakeholders were informed about the possible benefits of GI. At the same time, an exhaustive study has been completed by identifying 96 potential handloom products for registration. So far, the products like Banaras Sarees and Brocades & Lucknow Chikan Craft of UP, Pipli Applique & Khandua Sarees of Orissa, Upada Jamdhani, Gardwal Sarees & Dharmavaram Silk of Andhra Pradesh, Gulledguda Khan of Karnataka, Balaramapuram Sarees and Fine cotton fabrics of Kerala, Bhagalpur Silks of Bihar, Bandhni & Surat Zari of Gujarat, Shantipuram Sarees of West Bengal, Paithani Sarees and fabrics of Maharashtra have been taken up for GI registration. An effort has also been made to measure the benefits of GI registration by conducting a study on Pochampally Ikat of AP and Solapur Terry Towels of Maharashtra (products registered under GI Act in 2005) in terms of increase in income, employment, price, production and productivity of the stakeholders including handloom weavers.

To confer legal protection to the product and safeguards against unauthorised use of the product by other countries or producers

To promote economic prosperity of the producer of goods or idea.

To allow registered proprietor to initiate legal action against unauthorised users.

To reduce or eliminate unfair competition for the benefit of both genuine producers and consumers.

In compilation to the TRIPS Agreements, the Government of India has also promulgated Geographical Indication (GIs) Act and Rule in 2003. The act stipulates protection of original quality and uniqueness of the products like Basmati Rice, Darjeeling Tea, Alphanso Mango, Banarasi Saree & Brocades so that the replication of the product by other manufactures within and outside the country can be arrested.

The conference will focus on the issues associated with the ways and means for GI registration of unique and original products of the country. Besides explaining the benefits of the IPR protection of unique products, the experts will also deliberate on the procedural aspects involved for filing application before the competent authority of Government of India for registration. The workshop will also help to create awareness among the grass-root level stakeholders about the prospects and challenges of international trade agreement of GI and enable the small and medium scale enterprises for improving their competitiveness and efficiency through IPR Protection to face the global challenges.

The workshop will create an opportunity for close interaction among the stakeholders, government agencies (state & centre), civil society organisations, etc. for preparing future strategy in a common platform. The concerns of the poorer segments of the manufacturers and traders of the industry would be recorded and the feedback/inputs will be provided to the government to enact sector level policies and schemes.

The workshop has two sessions, the Inaugural session on 3rd June 2008 and two Technical sessions on 4th June 2008.

The speakers/experts on the technical sessions for 4th June 2008 are: Shri. Natarajan of GI Registry, Ms. Kasturi Das, CENTAD, New Delhi, Dr.S.K. Soam, NAARM, Dr. Rashmi Banga, UNCTAD-India, New Delhi, Dr. P. Nayak & Shri. T.K Rout, Textiles Committee, Mumbai, Shri. R.M. Sankar, ATIRA, Ahmedabad, Shri. Subodh Kumar, APTDC, Hyderabad and Shri. Mahesh Gulati, UNIDO will also deliberate on issues pertaining to Geographical Indication (GIs) Act.

Source: Press release distribution via India PRwire

Speaking at the award ceremony, Mr. Akhil Jindal, Director Welspun said, “I am extremely happy to receive this award today. I would like to accept this award on behalf of more than 15000 colleagues at Welspun whose hard work and perseverance have made this Company a truly International one”, he adds.

It is to be noted that these awards are won by the Company within one month of receiving the Supplier of the Year Award from the World’s largest retailer J C Penny, US.

Source: Press release distribution via India PRwire

About Welspun India (www.welspuntowels.com)

Welspun India, part of $3 billion Welspun Group is one of the largest Home Textile Companies in the world. It started its activities in 1985 and since then has rose to become one of the largest exporters of Home Textiles in Asia and is amongst the 3rd largest terry towel player in the world. Welspun’s facilities are located in India (Anjar and Vapi at Gujarat), Mexico, Portugal and in UK. Welspun’s International presence is complimented by its acquisition of Christ, UK and Sarema in Portugal

Showcasing the New Winter’08 Collection, Rajeev Surana, CEO, OCM India Ltd., said, “OCM’s all new Winter’08 Collection has over 550 designs in more than 3000 vibrant shades being launched for the domestic consumers. This New Winter’ 08 Collection is truly world class and design inputs have come from our design studios in Italy and US providing Indian customers with the very best the market has to offer for festive and formal occasions. This new collection has various compositions of wool, polyester and several other fibres in regular and finer counts Two new ranges have been created this season- one is a unique double faced fabric and the other, a light weight trouser fabric with round the year wearability.”

Rajeev Surana further added, “OCM has drawn an aggressive sales strategy for the Indian and export markets. OCM has further expanded its domestic retail network with 75 new direct and about 750 indirect dealers to strengthen their market share, which has already increased to 9% in 2007 and further projected to grow to 12% in 2008. With increasing customers preferring to buy readymade garments, OCM has built relationships to supply fabric to prestigious brands like Louise Phillipe, Van Heusen, Peter England, Arrow, Pantaloon Retail, Blackberrys, Benetton, Wills Lifestyle (ITC)…to name a few. OCM has also planned various brand promotional activities throughout the country to increase the visibility of the brand. A new TVC is already on air and new print ads and posters will be out soon. With the objective of establishing ourselves firmly in the overseas markets, an understanding has been reached with internationally renowned brands who will use their resources to promote the sale and distribution of OCM’s export fabrics to customers in Europe, USA and parts of Asia and help OCM develop, design and market those fabrics.

Further, keeping in view the demand for finer fabrics of Indian connoisseur, we will shortly be presenting “Burlington Worldwide ”, in India. The collection in Super 120s and above will be available in selected cities and outlets across India. The formal launch of the brand will be announced in 2 months time.

OCM, established over 80 years ago is one of the leading worsted textile mills strategically located in Punjab, the centre of prime North Indian market. A vertically integrated mill with an annual capacity of 8.4 million meters, it has a product range from fine pure wool suitings to polyester wool and various wool blended combinations with silk, cashmere, mohair, camel hair, etc. OCM is a well established and trusted brand with Pan India presence and is particularly known for its exquisite range of tweeds, jacketing and fancies. It is the first worsted textile mill in India to get ISO: 9001 certification.

Source: Press release distribution via India PRwire

The Company had entered the capital market in 2006 with an initial public offering through a fixed price issue for a Rs. 63 Crores expansion project. The issue price was Rs.30, it was listed at the Bombay Stock Exchange at Rs.40 per share and is today being traded in the range of Rs.70-Rs.74. Today when most stocks are traded below issue price, RKL is one of the Companies, which has come up to the expectation of the investors which is reflected in their stocks that is showing an upward trend.

The Company registered a turnover of Rs 62 crs in the first 9 months of the financial year and is set to surpass the double-digit figure at the close of the year. In 2006 (Pre-IPO), the turnover of the Company was Rs.45 crs, which today is close to Rs.100 cr. With the commissioning of the plant at Faridabad, RKL has become one of the largest processors in Indian Market.

The current capacity of the plant is 6000 kg per day for Greige knitted fabric RKL serves some of the best global brands and exports to markets like USA, Canada & UK besides catering to the leading domestic players.

Source: Press release distribution via India PRwire

About Richa Knits Ltd.

The company is one of the premier multi-divisional Integrated textile company and has the facilities for knitting of fabric, dyeing & processing of knitted fabrics and manufacture of garments for Domestic and Export market. The company has a ‘state of the art’ laboratory facility for developing shades, fastness of colour, fabric quality and adopts stringent quality checks at each step of manufacturing process.

Established under the leadership of Mr. Sushil Gupta (M.Tech-IIT Delhi) in 1993 as a process house to cater to the needs of knitted fabric for exporters in Northern India, Richa Knits has two manufacturing facilities, one at Faridabad for Dyeing and Processing and another state-of-the-art at IMT Manesar, Gurgaon in the outskirts of Delhi for Knitting, Dyeing & Processing and Garment manufacturing. The company has grown creating a niche for itself in the Northern India as a Dyeing and Processing house for the Export Market.

Such a mighty success of these two events has inspired the organizers to conceive something more; something similar but different, and better of course. Let this be an official announcement of the next such initiative of fibre2fashion – the world of textile-apparel-fashion. This time it is the machinery sector. As on the plan books of fibre2fashion, this forthcoming virtual trade fair will be recognized as Sewing & Embroidery Machinery - Online Expo’ 08; the storyboarding is already over and the preparations are at a high pace.

Apparently, as the name indicates, this virtual trade show will be calling for the attention of machinery manufacturers and traders to participate as exhibitors and the garment-apparel manufacturers to visit and receive the exclusive offerings. To the credits of fibre2fashion for its continued endeavors towards innovative undertakings, it is essentially worthwhile to expect the B2B portal to add more features of usability to make this event different and special than the two that are currently online. As announced, the online expo’ 08 will do the launching on 1st July June’ 08.

Source: Press release distribution via India PRwire

Speaking at the launch, Mr. Rajesh Mahajan – Founder & Managing Director, maspar said, “maspar has been synonymous with home fashion for many years now. We have successfully inculcated the quotient of fashion statement when it comes to home decor. People of Pune are modern/stylish and have an evolved taste when it comes to home fashion. maspar will provide a one stop solution to them which suits their lifestyle & upwardly trend.”

Living up to its high fashion quotient, the launch of the Maspar store saw tantalising Salsa, Rumba and Jive performances. Artist swayed and twirled to the music draped in outfits stitched from maspar fabrics.

Source: Press release distribution via India PRwire

maspar is all about contemporary home fashion and celebrating urban living. The products from maspar are woven from the finest raw material under modern production procedures and stringent quality control, making them comparable with the best worldwide.

maspar offers a lively range of ready made home furnishings in co-ordinated colours to mix and match from. Each product goes through controlled dyeing for color fastness and is processed for quality. Manufacturing of chenille yarn, dyeing of yarn, fabric and made-ups, printing, quilting, cording, special purpose sewing machines-the latest technology that exists today, has been brought under one roof allowing us to offer a guarantee on all our products.

Offering unique mix and match coordination options, there is something for every personality and every home, each maspar product has a purpose: to bring a smile of delight to each end-user. maspar breathes vitality that turns a house into a home. Now, Indian homes can celebrate the creative, personalized edge with maspar and its ever-expanding range of creations.

The company has been manufacturing home furnishings for the export market of US and UK and supplying to brands like Marks & Spencer, J C Penney, Galeries Lafayette, The Bay and Waverly, started its Indian operations in retail in 2002 as a step towards forward integration.

Rs. Crores

Q4

FY08

Q4

FY07

% Change

FY08

FY07

% Change

Net Revenue

4,715

4,090

15%

17,037

14,142

20%

Profit before Taxes (before Extraordinary gains & Minority Share)

1,118

1,009

11%

4,575

3,451

33%

Profit after Taxes

(before Extraordinary gains & Minority Share)

755

673

12%

3,111

2,359

32%

Profit after Taxes and Extraordinary gains

992

673

47%

3,348

2,359

42%

Less: Minority Share

111

115

457

392

881

558

58%

2,891

1,967

47%

EPS (Rs.)

Before Extraordinary gains

70

61

15%

290

215

35%

Including Extraordinary gains

96

61

57%

315

215

47%

Grasim Industries Limited has performed well during the quarter ended 31st March 2008. Revenues increased by 15% from Rs.4,090 crores to Rs.4,715 crores. Net Profit (before Extraordinary gain) was higher by 15% at Rs.644 crores (Rs.558 crores).

The FY 2008 results have been impressive. Revenues crossed US$ 4 billion mark, at Rs.17,037 crores (Rs.14,142 crores), a rise of 20%. Net Profit (before Extraordinary gains) rose appreciably by 35% at Rs.2,655 crores (Rs.1,967 crores).

Dividend

The Board of Directors of Grasim has recommended a dividend of 300% (last year: 275%). The total outflow on account of dividend, including Corporate Tax on Dividend, would be Rs.316 crores, vis-à-vis Rs.287 crores for FY07, an increase of 10%.

Highlights of Grasim’s operations:

Q4FY08

Q4FY07

% Change

FY 2008

FY 2007

% Change

Production -

Viscose Staple Fibre

M.T.

70,828

67,772

5%

279,901

246,833

13%

Cement

Mn. M.T.

4.20

3.88

8%

15.36

14.42

7%

White Cement

M.T.

120,433

97,116

24%

407,882

364,649

12%

Sponge Iron

M.T.

134,490

167,680

-20%

562,000

525,183

7%

Caustic Soda

M.T.

46,491

47,076

-1%

188,537

136,685

38%

Sales Volumes -

Viscose Staple Fibre

M.T.

61,650

68,588

-10%

269,781

250,725

8%

Cement

Mn. M.T.

4.27

3.92

9%

15.54

14.52

7%

M.T.

114,845

102,200

12%

396,295

367,167

8%

Sponge Iron

M.T.

140,317

171,942

-18%

557,187

571,127

-2%

Caustic Soda

M.T.

44,872

47,709

-6%

187,356

137,677

36%

Viscose Staple Fibre (VSF) Business

Macro economic factors impacted the VSF business during the quarter. The deceleration in demand was primarily due to the slowdown of textile demand in USA and liquidation of inventory in the value chain. Additionally, the anti-dumping investigation by Turkey on import of VSF based yarn and the substitution effect on account of high VSF prices contributed to the subdued performance.

The performance of VSF business for the financial year as a whole was however, impressive. Production increased by 13% at 279,901 tons. Sales volumes were higher by 8% at 269,781 tons.

During the quarter under review, the Company expanded its VSF capacity at Kharach (Gujarat) by 63,875 tons. The Company’s VSF capacity thus stands increased at 333,975 tons. To meet the growing demand, the Company plans to increase its capacity at Harihar (Karnataka) by 31,000 tons at an outlay of Rs.335 crores, which is expected to be operational in Q3FY10. Also, an 88,000 TPA greenfield project is being pursued at Vilayat (Gujarat). The conversion of the AV Nackawic plant from paper grade pulp to rayon grade pulp is expected to be completed in Q2FY09.

Margins in VSF business are expected to remain depressed in the short to medium term due to rising prices of sulphur and pulp, coupled with softening of VSF prices.

Chemical Plant

The Chemical business posted a moderate performance during the quarter. Production was marginally lower at 46,491 tons. Sales volumes were lower by 6% at 44,872 tons on account of inventory buildup for planned partial shutdown.

For the year under review, the performance has improved. Production, which was affected in the corresponding year due to breakdown of a captive power plant, grew by 38% at 188,537 tons. Sales volumes too rose by 36% at 187,356 tons. Its performance would have been better but for the cost pressure on key inputs and fall in realisation.

Cement Business

The Cement business has recorded good performance during the quarter. Higher capacity utilisation resulted in production increasing by 8% at 4.20 million tons. Sales volumes were up by 9% at 4.27 million tons.

The performance for the year was equally encouraging. Both Production and Sales volumes grew by 7% at 15.36 million tons and 15.54 million tons respectively. However, the sharp increase in fuel cost led to lower operating margins. The Company continued its efforts to achieve over hundred percent capacity utilisation to meet the growing demand. Sequentially, the realisation remained flat despite increase in cost, leading to lower operating margins.

RMC (Ready Mix Concrete) volumes expanded by 62% in Q4FY08 and by 36% in FY08, buoyed by the rapid expansion in RMC network.

Cement Subsidiaries

UltraTech Cement Limited (UltraTech), a subsidiary of Grasim, performed well. Domestic Cement sales during the year were higher at 14.25 million tons, an increase of 7%. However, exports of Cement and Clinker were down by 25% from 3.48 million tons to 2.61 million tons.

During the quarter under review, Grasim sold its entire holding of 75,816,681 equity shares representing 53.63% of the capital of Shree Digvijay Cement Company Limited (SDCCL) to Cimpor Inversiones S.A., Spain at Rs.42.50 per share.

Cement Capex plan

During the quarter under review, the Company commissioned its following plants:

- 3.3 million TPA clinkerisation plant at Shambhupura (Rajasthan);

- 1.3 million TPA grinding unit at Panipat (Haryana); and

- 23 MW captive thermal power plant at Jawad (M.P.).

UltraTech too commissioned its 3.3 million TPA clinkerisation plant at Tadpatri (A.P.) during the quarter. Debottlenecking at existing locations saw both Grasim and UltraTech increasing their respective capacities by 2.40 million tons and 1.20 million tons during the year.

The expansions at Shambhupura and Tadpatri will be operational in H1FY09, while the Kotputli (Rajasthan) plant of Grasim is expected to go on stream in Q3FY09. Upon completion, the Company’s aggregate cement capacity (including that of UltraTech) will stand augmented at 48.7 million tons.

The significant increase in input costs will have an adverse impact on margins. Besides, the industry will experience a surplus of supply over demand on account of additional capacity of 118 million tons during the XIth Plan period which is expected to have an impact on domestic price in CY09. However, the strong momentum in demand would help in absorbing the increased supply in the long term.

Sponge Iron Business

Inadequate supply of natural gas coupled with the high prices of alternate fuels resulted in production being curtailed by 20% during the quarter at 134,490 tons. Sales volumes, as a result, declined by 18% at 140,317 tons. The surge in global scrap prices led to improved realisation. However, the gains on this account were offset by increase in prices of iron ore, naptha and propane.

Production of Sponge Iron during the year increased by 7% at 562,000 tons. Sales volumes were lower by 2% at 557,187 tons.

The outlook for the business is expected to improve with increased availability of natural gas by Q2FY09.

Outlook

Going forward, VSF and Cement will continue to be the growth enablers. Shoring up of its leadership position in the VSF and Cement sectors, cost optimization, maximization of asset productivity and prudent financial management will continue to be the Company’s hallmarks. The prospects for the Company continue to be positive.

Source: Press release distribution via India PRwire

About GrasimIndustries

Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks among India's largest private sector companies, with consolidated net revenues of Rs.141 billion and a consolidated net profit of Rs.20 billion(FY2007).

Starting as a textiles manufacturer in 1948, today Grasim's businesses comprise viscose staple fibre (VSF), cement, sponge iron, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90 per cent of its revenues and operating profits.

The Aditya Birla Group is the world’s largest producer of VSF, commanding a 21 per cent global market share. Grasim, with an aggregate capacity of 270,100 tpa has a global market share of 11 per cent. It is also the second largest producer of caustic soda (which is used in the production of VSF) in India.

In cement(grey cement and white cement), Grasim along with its subsidiary UltraTech Cement Ltd. has a capacity of 30 million tpa and is a leading cement player in India. In July 2004, Grasim acquired a majority stake and management control in UltraTech Cement Limited. One of the largest of its kind in the cement sector, this acquisition catapulted the Aditya Birla Group to the top of the league in India.

The company posted PAT of Rs 221.65 lacs for the quarter ended March 31, 2008, a hop of 132% over Rs 95.52 lacs for the same quarter last fiscal.

The company’s Net Sales for FY08 stands at Rs 10813.99 lacs, a hop of 75 %, against Rs 6169.05 lacs last year. Net Income rose 29% to Rs 2781.58 lacs, up from Rs 2155.51lacs in the last fiscal.

Strong concentration on High & Medium end FIBC (Flexible Intermediate Bulk Containers) has led to the improvement in company’s sales realization & margins. NCIL with its marketing strategy in place, has extended its presence in European and American markets, leading to an exponential growth in sales.

NCIL’s foray into other Technical Textiles would be the next growth driver for the company as it is an unexplored territory in India.

NCIL has executed large number of orders this year and has a strong order book for its products. In future company is going to cater to only High end FIBC consumers as there is a huge demand potential in European & US Markets. Company is also trying to tap other markets like Asia Pacific, south America.

Source: Press release distribution via India PRwire

About Neo Corp International Ltd.

Incorporated in 1985, Neo Corp International Ltd. (NCIL) has come a long way from being a small woven sack factory to a large integrated, globally acclaimed Technical Textile Manufacturer. Currently NCIL is into manufacturing technical textiles falling under Packtech, Geotech, and Agrotech segments for e.g., FIBCs, container liners, leno Bags, geo textiles, ground covers, shade nets, hail nets, wind breaker, and construction covers.

NCIL is a professionally run company with decades of expertise in the field of Technical Textiles. NCIL has ISO 9001-2000 certification and it is about to get ISO-22000 certification for clean manufacturing practices.

“While there is no shortage of basic fabrics, functional fabric for bottom wears in the country, we at GTL feel that there is still room for high value added, fashionable cotton and eco-friendly blended fabrics, to cater to the needs/demands of upper segment customers. This has inspired us to launch this premium product range”, said H.S. Bhaskar, Executive Director & CEO, Gokak Textiles Ltd. “The estimated market size for bottom weight fabric is more than $ 14 billion.” he further added.

Over the past three years the company has invested to the tune of Rs.160 Crores in its factories located at Gokak falls and village Marihal, in Karnataka. This has enabled them to create a Supply chain solution for MerinoCot. These fabrics will be produced on State-Of-The-Art air jet looms.

GTL also manufactures knitted garments and has a State-Of-The-Art fully integrated garment factory at Belgaum, Karnataka, supplying garments to most of the major brands in India like Peter England, John Phillips, Globus, Pantaloons, etc. and internationally to brands like Charles Vougle, Berton, M&S, Andrew Sports, Debanhams etc.

Source: Press release distribution via India PRwire

About Gokak Textiles

Established in 1887, Gokak Mills today is a part of the Forbes group, acquired by The Shapoorji Pallonji Group (A USD 2.5 Billion Premier Business Group in India) in January 2002.

It is well known for its quality products and has been exporting textile goods to various European and American countries right from its inception. Having over 295 products in their product range, they produce yarn for use in Knitting, Weaving, Braiding, Tufting applications besides yarn for hosiery and woven apparel fabric.

They are also manufacturing sewing thread, industrial yarn, core spun yarn and industrial fabrics for high tech military applications and other non traditional textile uses such as surgical, automotive, work-wear etc.

In the field of industrial fabrics, they have State-Of-The-Art air jet ‘Dornier’ looms, Sulzer rapier looms and NP looms. 90 percent of the fabric produced is exported to Europe, America and Australia. The fabrics are mainly used in Military, Automotive and other high tech applications.

Over the years, 20ML, capitalising on its strength of developing products, as per market needs and with on-going Research & Development, has introduced minerals of sub micron size and helped all the Industrial segments to get benefits in terms of functional properties and pricing of their products. With its constant efforts and technical support, 20ML popularised the concept of finer Calcium Carbonate and other Minerals Fillers and innovated a good substitute for Paint & Plastic Industries. Usage of grades of finer particle in the range of 20 Microns and finer grades for Calcium Carbonate/Talc/Kaolin/Dolomite and Mica is very common now for various industrial segments. Till 1987, most of the customers in Paints and Plastic were using the conventional ground extenders and fillers without quality consistency supplied by the traditional mine owners and inter media processors of minerals and 20ML sensed the opportunity to exploit it to the best of Industry and reaped its benefit with one to one customer interaction through seminars, conferences and other media which helped in generating customer confidence for improved and consistent quality of minerals and product development too.

20ML, having multi-locational reach can cater its wide ranged customers with its several marketing offices throughout the Country. The Plant & Warehouses are located at all strategic locations to take advantage of Logistics. This helps substantially to achieve a positive growth to the business. As 20ML is catering to various Industrial segments, Business is also divided in 3 major division based on the targeted end users segment. This helps in focused approach to various industrial segments and new business is generated with technical information exchanged with the customers. This interaction also helps in new product development as per the market needs.

Source: Press release distribution via India PRwire

The Book Running Lead Manager (BRLM) is Keynote Corporate Services Limited.

Note

20 Microns Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in and on website of the BRLM at www.keynoteindia.net. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the DRHP filed with the SEBI including the section titled “Risk Factors”. The Equity Shares of the Company have not been and will not be registered under the U.S. Securities Act 1933, as amended or any state securities laws in the United States. This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

For further details contact:

Mr. Himanshu Kapadia / Ms. Tabassum Mukadam

Adfactors PR

Tel: 9821358418 / 9819483745

Source: Press release distribution via India PRwire

After last weeks fall, naphtha prices moderately declined further. Japanese naphtha was at US$833 a ton and Mediterranean was at US$735 a ton. MRPL, BPCL and IOC from India have together exported 542,500 tons of naphtha for February and early March, indicating a recovery in exports towards the high monthly volumes of up to 1 mn tons, which was last seen only in November 2007.

1.4D/38mm SD PSF in India declined by 3 cents to US$1.49 a kg. In Pakistan the specs traded steadily. India’s PSF production was at 525,000 MT which increased by 12.5% and consumption increased by 9.2% and was at 421,000 MT. POY 114/108 in India declined by 3 cents to US$1.94 a kg. Orders were few and markets awaited Chinese buyers to come back. PFY consumption in the period from April 07 – October 07 was at 704 thousand tons increasing by 10% while its production increased by 15% to 805 thousand tons.

Polyester Chips prices remained steady in the week in markets outside China as orders for polyester yarn has been stagnant. The demand for polyester yarn is seeing a dry phase, currently. MEG front month offer in Korea and Taiwan was at US$1,100 a ton. In China it was in the range of US$1,080- US$1,130 a ton. MEG prices though higher by over 25% in several markets have seen its prices dwindle continuously in the last couple of months.

NFY prices decreased by a cent and the markets were dull in the week. POY semi dull in the week was US$6 a kg, and has fallen 7.4% YOY, with a low of US$5.75 a kg. NFY production fell by 10.5% to 18 thousand tons while its consumption exceeded production and was 18,800 tons, lower by 24%. Polypropylene price in China market before the holiday was at US$ 1.74 a kg, same at last years level. Polypropylene fiber production in China 2007 up to November was 1.88 million MT as compared to 2.24 million MT thus declining 16% in 2007.

VSF prices in India declined by a cent and the demand is mostly missing. VSF production in the 1st eleven months of 2007 was at 1.56 million tons higher by 6% from the previous year. VFY prices in India increased by up to 4 cents. 100D bright was at US$5.95 a kg while 150D bright was at US$5.37 a kg. India’s VFY production was at last year’s level of 31 thousand tons for the period from April 07-Oct 07.

Cotlook A index increased by 3 cents a kg, and was 27.9% higher YOY. ICAC forecasts showed that cotton stocks would dip by 4.19% during 2008-09, as consumption exceeded production and had to be fed by stocks. Area under cultivation of Bt cotton in India has increased to 63.3 lakh hectares that is 66% of the total cotton area in the 2007-08 seasons. India’s output is projected to be at 310 lakh bales. Mills in Pakistan resumed buying in the week, as the mills were in need and the prices were at a level considered to be fair. Also, the news that the targeted production could be achieved eased prices.

For detailed report on trends of fibers and raw materials please contact us at + 91 22 66291120 or write to us sales@ynfx.com

Source: Press release distribution via India PRwire

YarnsandFibers.com is leading provider of Textile Market Intelligence and Market Development. The YnFx member community comprises of Yarn Manufacturers, Spinners, Weavers, Traders, Knitters, from across 150 countries. We regularly publish in-depth reports, daily global textile news and press releases on the Textile Industry. You may contact us at +91 22 66291050 to know more about the company and activities.

The Company also received the award for in Finished Leather Segment and Non Leather Items like Harness & Saddlery.

The coveted Awards are in recognition of the company’s exceptional performance during the year despite adverse money situations arisen out of appreciation of rupee against dollar.

Speaking on receiving the recognition at the glittering function, Mr Zafrul Amin, JMD, Superhouse said, “These awards further strengthen the trust that our patrons have entrusted in us in providing quality products. We have always aimed to be the pioneers in producing goods to meet the demand in international markets and our stupendous success lies not only in achieving our targets in existing markets but also in exploring newer markets for leather products produced in India. This is a big leap for the Indian leather industry which will immensely benefit from these new buying zones explored by Superhouse.”

“We at Superhouse will continue with our quest for achieving higher accolades and maintain our stature as leader in quality exports from the country,” Mr Amin added.

Superhouse today is among the leaders in leather exporter from India. It has diversified into various portfolios in leather and textile export. The company is one of the preferred supplier to global retail chains and brands like Carrefour, Tesco, GAP, DKNY, Miss Sixty, Dolcis, C&A, Next PLC , Liz, Steve Maidden etc. to name a few. The company with its vast portfolio has also started exporting to US markets with variety of shoes ranging from specialty, safety and formal shoes.

Despite the soaring rupee against US Dollar, the company sees phenomenal growth in overseas market and is expanding its manufacturing capacities to cater to needs arising from US and other emerging markets.

Source: Press release distribution via India PRwire

About Superhouse Ltd:

Superhouse Ltd. is one of the leading leather exporters with certification from Government of India. Listed at BSE the company is primarily based in Kanpur with 12 units spread across Kanpur, Unnao, Noida and Agra. The company is engaged in production of Leather garments, shoes, bags, accessories, fashion garments and riding garments. Equipped with some of the most modern machineries and specialized workforce the company produces all types of leather and value added finished leather items accepted and appreciated all over the world.

The Company also has made its foray into the Indian retail sector and owns the retail brand in the name of Allen Cooper with exclusive stores at Lucknow, Allahabad, Varanasi, Kanpur, Ghaziabad and several other cities. The company is one of the major suppliers to GAP, DKNY, Miss Sixty, Dolcis, C&A, Next PLC , Liz, Steve Maidden, Euro Shoes, Spapino, Burton’s, Andre, Heckel Security, Kramer Pferdesport, Hooks, J.D. Williams, Cipesz ES, Cofra SRL, Heba, M-Tech, PT Alasmas Berkat, Punto FA, and Tesco.

Member of Council for Leather Exports, the premier Association for leather exporters in the country, the company is committed to produce quality products for its customers and has acquired ISO–9001-2000, ISO-14001-2004 & OHSAS-18001-1999 certification. It also has the distinction of quality certification under British, Australia, USA and Canadian standards also.

Today Superhouse is major exporter to European countries including UK, France, Italy, Germany, Denmark and Netherland. Apart from European countries the company also exports to USA, China, Hongkong, South Africa, Australia & New Zealand and Middle East nations.

The company is expected to record a turnover of more than Rs. 300 crores during the year 2006-07 as against Rs 230.99 crores during the year 2005-06.

Soft-Tex ‘08, which is expected to receive quite a substantial visitation of over 1 million prospective customers from across 190 countries, will provide an effective medium for the software solution providers willing to spread their wings wider within the global Textile-Garments industry. The show is indeed, an occasion not to be missed by software companies for effective online branding and promotion of their industry-specific solutions. Soft-Tex ’08 arranges to make it all worthwhile for the exhibitors through an extended variety of facilities like EDMs, press releases and newsletter campaigns etc.

With the comprehension, “Trade shows are about indirect marketing by way of branding”, pretty decent response is anticipated from a range of exhibitors like solution providers for ERP, POS, RFID, SCM, CRM, CAD/CAM, PLM as well as Business Intelligence Tools, Dyeing & Printing, Import Export Management, Inventory Control, Production Planning, and Warehouse Management etc. Whilst fibre2fashion’s global reach and popularity is the driving force to entertain the ambitions of the exhibiting companies, Soft-Tex ’08 offers those helpful tools and effective features to the exhibitors in aid of attracting the massive audience to their specific booths.

Signals indicate that Soft-Tex ’08 will be a grand success because of software solution providers and Garment-Apparel companies coming-together for mutual interests. All that said, Soft-Tex ‘08 promises to be one of fibre2fashion’s continued endeavors in the direction of its enduring commitment towards innovation and service offerings; this time, providing a playfield for exhibitors to promote their solutions to a much larger and prospective audience and for visitors to come over and explore lucrative opportunities.

If you are a software solutions provider, please visit here for more information and registration.

Source: Press release distribution via India PRwire

The consolidated total income for the nine-month period ended December 31, 2007, stood at Rs 1034.16 crore, as against Rs 636.61 crore last year, up by 62.45 %. The consolidated EBITDA for 9MFY08 stood at Rs 100.22 Crore, as against Rs 80.95 crore, up by 23.80%. Net loss for 9MFY08 stood at Rs 11.91 crore as compared to Net Profit of Rs 9.14 crore in the corresponding period last fiscal.

Commenting on the company’s numbers, Mr. Mukund Choudhary, MD, Spentex Industries, said, “On one hand, our numbers have been impacted by the increase in the raw material cost, while on the other hand we had to face the contentious issue of the appreciation of the rupee against dollar. The rupee has appreciated by more than 15 percent in the last one & half year which has severely affected the competitiveness of the textile industry. Additionally, higher logistic cost and power cost have also impacted the margins”.

“The growth in the coming quarters will be robust on account of full benefits of contribution from manufacturing high-value added yarn coupled with higher capacity utilization rate”, added Mr. Choudhary.

Industry Scenario:-

Despite a bumper crop, cotton prices in India, during the quarter under consideration (October to December 2007) ruled at 15% to 20% higher than that in same period last year. Heavy export from India to China, Bangladesh & Pakistan created a shortage of cotton in the domestic yarn market. To make matters worse, yarn prices in the global market dropped by at least 5% due to stiff competition. Effectively, yarn prices in the export market currently rules between 7% to 8% less than that in the domestic market. In addition, the sharp rupee appreciations over 12% have created higher yarn stock. Textile mills will normally procure their entire cotton requirement during October to January, but during this season, the mills are not in a position to buy cotton owing to high prices and lower realization of yarn prices. The textile spinning sector has been reeling under recession since the beginning of 2007 owing to the appreciation of the rupee against the dollar and high interest rates. Countries such as China and Pakistan did not face such problems, so they increased their share in the global trade. Meanwhile, India’s share declined from 12 per cent to five per cent in the last year.

Commenting on the measures taken to combat the appreciating rupee, Mr. Mukund Choudhary, MD, Spentex Industries, said, “In order to tide over the adverse domestic market scene and appreciating rupee, Spentex has setup its direct marketing network in Europe through office in Durren, Germany which is yielding higher prices. Also our invoicing in Euro is increasing thereby reducing impact of Rupee appreciation against the dollar. We have always been looking forward to develop new markets and we have opened an office in Turkey which will help develop and serve markets of Euro Asia”.

Source: Press release distribution via India PRwire

About Spentex Industries Limited

Spentex Industries Limited (Spentex) is engaged in the production of cotton, synthetic and blended yarns. It has a capacity of 6, 29,000 spindles and 236 air jet looms, including the latest acquisition of Schoeller Textile in the Czech Republic. For more details please visit www.spentexindustries.com

Images Fashion Awards recognizes the true worth of the brands in the market. The Award ceremony celebrated the achievements of fashion and lifestyle brands, retailers and professionals who have done exceptionally well in the year just gone by on all deliverables. The esteemed jury, knowledge partners and process auditors involved by the Images meticulously judged Lilliput as the Most Admired Kidswear brand of the Year for its outstanding vision and achievement. A high-powered list of Indian celebrities was invited to present the awards including John Abraham, Mr. B. Nagesh, and Mr. Kishore Biyani to name a few.

Thrilled Managing Director of Lilliput Kidswear Ltd, Mr. Sanjeev Narula said, “It is a moment of great pride and honour for us to have been judged as the Brand of the Year by the India Fashion Forum, which is one of the finest events of the retail industry. Our high quality, designs, hard-working team and strategic tie-ups have won us this acclaim. India Fashion Forum is an incredible platform to meet the top brass of the industry under one roof."

The other nominees in the ‘Brand of the Year’ (Kidswear) category were Mothercare, Benetton, Giny & Jony, Zapp and Catmoss. There were a total of 22 categories in the Images Fashion Awards like Most Dynamic Brand of the Year, Retailer of the Year, Innovative Brand of the Year and others. Lilliput has off late won awards for their brand and retail excellence presented by CMAI & Asia Retail Congress respectively; this Images Fashion Brand of the Year Award further strengthens its credibility in the Kidswear market.

Source: Press release distribution via India PRwire

About Lilliput:

Lilliput Kidswear Ltd. was incorporated in 1991 by the visionary Sanjeev Narula and is one of the largest Kidswear groups in India. Besides India where Lilliput has a large number of 130 stores, Lilliput has its presence in China & Middle East and a turnover of Rs 182 crores. Throughout the range of their products, the quality is maintained at a consistent level to ensure optimum care for their sensitive customers. Lilliput has a strong workforce of 4,000 people in more than 65 cities through out the country. In Exports, Lilliput is very active in Europe; The USA, and other countries. Lilliput partnered with private equity firm INDIVISION in October of 2006. INDIVISION is the financial arm of Future group.

Website: http://lilliput-india.com/

For further information, please contact:
Sampark Public Relations Pvt. Ltd.
Rajat Chandihok / Pushpanjali Singh
Tel: + 91 11 4173 1526 / 7 / 8 / 99900 82717
Email: rajat@sampark /pushpanjali@sampark.com

The Company's net profit for the first nine months of the current financial year stood at Rs 29.26 crores as compared to Rs. 23.27 crores in the corresponding period of the last year.

Commenting on the Q3 performance, Mr. Sandeep Agarwal, MD, Alps Industries Limited, said "We are delighted that we have turned out a good performance again. At Alps we strive to maintain our leadership position in our business segment, clearly demonstrated by success of our organic cotton base, natural dyed home furnishing in international market and our strong Vista brand in the domestic market.”

Alps Industries is a vertically integrated textile company with twelve manufacturing facilities. It is also market leader in domestic window covering products like blinds and awnings, and other architectural products like wooden floorings and aluminum composite panels, which are sold under the widely recognized Vista brand name.

Alps Industries have announced their venture into Automotive Fabrics. It has entered into a technical and marketing alliance with Suminoe Textile Co. Ltd, Osaka, a leading automotive fabric maker in Japan. They are also entering into power sector with a project in Uttaranchal for Hyde Power project at River Dharam Ganga.

ALPS INDUSTRIES LTD.

REPORTING OF SEGMENTWISE REVENUES, RESULTS AND CAPITAL EMPLOYED

UNDER CLAUSE 41 OF THE LISTING AGREEMENT

(Rupees in Crores)

Sl.

PARTICULARS

Quarter ended

Quarter ended

Nine Months ended

Nine Months ended

Year ended

No

31.12.2007

31.12.2006

31.12.2007

31.12.2006

31.03.2007

UNAUDITED

AUDITED

A

SEGMENT REVENUES

(net sales/income from each segment should be disclosed under this head)

1

HOME FURNISHING & FASHION ACCESSORIES

88.21

68.83

237.23

190.90

245.09

2

YARN

70.77

36.71

174.16

104.69

158.36

3

ARCHITECTURAL PRODUCTS

11.40

8.54

32.51

24.45

36.27

TOTAL

170.38

114.08

443.90

320.04

439.72

LESS: INTER SEGMENT REVENUE

1.12

0.33

3.23

7.11

10.59

INCOME FROM OPERATIONS

169.26

113.75

440.67

312.93

429.13

B

SEGMENT RESULTS

(Profit before Tax & Interest from each segment)

1

HOME FURNISHING & FASHION ACCESSORIES

8.40

9.69

26.63

25.42

29.68

2

YARN

5.78

3.98

17.20

11.91

16.48

3

ARCHITECTURAL PRODUCTS

1.41

1.31

3.95

3.52

5.13

TOTAL

15.59

14.98

47.78

40.85

51.29

LESS: (i) INTEREST

6.94

5.73

19.68

14.71

19.23

(ii) OTHER UN-ALLOCABLE
EXPENDITURE

(iii) UN-ALLOCABLE INCOME

2.88

0.11

3.51

0.83

3.42

TOTAL PROFIT BEFORE TAX

11.53

9.36

31.61

26.97

35.48

C

CAPITAL EMPLOYED

(Segment Assets - Segment Liabilities)

1

HOME FURNISHING & FASHION ACCESSORIES

253.68

216.66

253.68

216.66

221.25

2

YARN

255.93

200.95

255.93

200.95

203.61

3

ARCHITECTURAL PRODUCTS

34.51

28.45

34.51

28.45

29.40

TOTAL

544.12

446.06

544.12

446.06

454.26

Source: Press release distribution via India PRwire

Note:

1. The figures for the previous year and corresponding quarter have been regrouped wherever necessary.

About Alps Industries:
Alps Industries Limited, established in 1962, is today the leading manufacturer of Home Furnishings, Natural Dyes, and Fashion Accessories which are well appreciated all across the globe. The company also offers a whole range of Architectural products under the brand name "Vista" which has the highest brand recall in its category and Fashion Accessories under the brand name "Le-Pashmina" in the domestic market and is aided by a nation-wide distribution network. The company is committed to produce world class fashion, furnishing and décor products with the concurrent objective to protect the environment through the use of eco-friendly materials.

Alps strength lies in its infrastructure which comprises of twelve production facilities that cater to different market segments. It has carried out pioneering research work in the area of natural dyes and their application to textiles, and currently holds a couple of patents also in this respect. Its shares are listed on NSE and BSE.

Besides the 1st Interim Dividend @ 60%, on 20th August, 2007, the Board has declared its 2nd Interim Dividend @ 40% for the year 2007-08 to the shareholders.

Mr. Sunder Genomal, Managing Director, Page Industries Limited said, “Sales of the Company has been growing at CAGR of 36% and the net profit has been growing at CAGR of 48% during the last three years. The retail boom that we are witnessing now, coupled with the increased brand consciousness and the increased spending power of the consumers will aid our growth in the inner wear and leisure wear segments.”

Source: Press release distribution via India PRwire

About Page Industries Limited

Page Industries Ltd. (Bangalore, India) are specialists in the development and production of high quality underwear for men, women, and children, and are the licensees of Jockey International Inc. (USA) for manufacture and distribution of the Jockey brand in India and Sri Lanka. The promoters - Genomal group, established the company in 1994. The Genomal group companies have been the licensees for the Jockey and Speedo brands in the Philippines since 1959 and 1988 respectively. The companies are run by the second generation Genomal Family, sons of the group founder and guiding spirit, the late Topandas Genomal.

Page Industries exports underwear and sportswear worldwide. Its customers include Jockey licensees in Europe, Middle East, and Asia, Jockey UK, Jockey USA, as well as other top class underwear brands. The Jockey hallmark of quality is applied to every product delivered. With the backing and active involvement of seasoned promoters combined with a highly skilled and dedicated team, Page is committed to the manufacture of world class products

Page Industries Ltd. have been independently audited and approved by internationally recognized ‘Intertek Testing Services (ITS)’ for Safety and Production systems. The company has also been certified by the USA based ‘Worldwide Responsible Apparel Production (WRAP)’ for stringent adherence to universally acceptable principles covering Labor, Human Relations and all applicable local laws pertaining to industrial production.

For more information please contact:
Kheman Kumar / Moumita Rudra - Good Relations India Pvt Ltd
Email: kheman@gri.co.in / moumita@gri.co.in
Mobile: 9871829296 / 9871062245

EBIDTA for the quarter zooms by 98% to Rs.66.33 crores, compared to Rs.33.42 crores, registered during the same period last year.For the nine months ended 31st December, 2007 , the EBIDTA has jumped by 75% to Rs.195.22 crores compared to Rs 111.76 crores for the same period last year.

The company's PAT during the quarter recorded a growth of137% at Rs.7.21 Crores compared to Rs. 3.04 Cr. recorded during the same period last year and for the nine months ended 31st December, 2007, PAT recorded a growth of 52% at Rs.21.28 crores compared to Rs 13.95 crores for the same period last year.

During the quarter the company completed the merger of Indo Rama Petrochemicals with it self. The erstwhile Indo Rama Petrochemicals runs a 30 MW coal fired power plant and the company has benefited from availability of cheaper power for its operations and sale of surplus power to the Maharashtra grid. Power business has now become a separate revenue segment of the company.

The company’s margins and profitability during the quarter could have been multifold but for the soaring MEG prices. MEG prices have since reduced considerably. Availability and prices of PTA have remained stable during this quarter. As MEG availability improves we expect improved performances in the times ahead.

Mr. O P Lohia, Chairman & Managing Director, Indo Rama Synthetics (India) Ltd. said, “The opportunities for the polyester industry continue to be manifold. Despite a higher output, the cotton prices are soaring day by day which is likely to result in an increase in the demand of Polyester. Softening of MEG prices and increased availability of PTA & MEG is likely to have a positive impact on our bottom line, going forward.

We are also excited by the opportunity of entering the power sector that the merger of Indo Rama Petrochemicals provides to us. We are committed to grow this segment of our business exponentially in the future.”

Source: Press release distribution via India PRwire

About Indo Rama Synthetics (India) Ltd.

Indo Rama Synthetics (India) Limited is the country’s largest dedicated polyester manufacturer with an Integrated Manufacturing Complex at Butibori, near Nagpur in Maharashtra producing around 6,00,000 tonnes per annum of Polyester Staple Fibres, Filament Yarns, Textured Yarns and Textile grade Chips.

For Further Details Please Contact:
R Gurumoorthy Sunaina Jairath
Indo Rama Synthetics
98734 11360 9811645243

Sunaina - Senior Manager
Tel No. - 011 - 41327970 ext 21
Fax No. - 011 - 26840650, Mobile - 9811645243
email - sunaina@image-publicrelations.com