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Masood Textile Mills was founded in 1984. In 2014 it posted a pre-tax profit of Rs 1.1 billion, which was 13% higher than its pre-tax earnings in the preceding year. Shanghai Challenge Textile Company acquired 24.3% shares in Masood Textile Mills in a privately negotiated deal. [2] [3] It later acquired 52% stake of the company. [4]
These 119 mills were controlled by NTC(HC) Ltd with the help of 9 subsidiary Corporations, with an authorised capital of ₹ 100 million (US$1.2 million) which was raised from time to time and which is now ₹ 50 billion (US$590 million) [3] and the paid up share capital of the corporation is ₹ 30,621.6 million (US$360 million) as on 31 March ...
The textile industry in India, traditionally after agriculture, is the only industry in the country that has generated large-scale employment for both skilled and unskilled labour. The textile industry continues to be the second-largest employment generating sector in India. It offers direct employment to over 35 million people in the country. [1]
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The four mills of Tata Textiles produced about 150 million metres of cotton and other cloth annually in 1972, having 325,000 spindles and 6845 looms. [ 5 ] [ 6 ] [ 7 ] Tatas gradually exited from textile business, from the 1980s, selling Nagpur-based Empress Mills in 1986, which was taken over by Maharashtra State Textile Corporation , which ...
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Mian Muhammad Mansha joined the family business in 1968 after the death of his father, Mian Muhammad Yahya. [6] By 1970, the Nishat Group had expanded to include six industrial units in West Pakistan : Nishat Corporation, Nishat Sarhad Textile, Nishat Textile Faisalabad, Nishat Chemical Industries, Nishat Poultry, and Creamy Industries Nowshera ...
[124] The consulting firm affirms Bangladesh's textile sector will need to innovate, upgrade, and diversify, investing in flexibility, worker welfare, infrastructure and sustainability. Bangladesh, like many other textile hubs worldwide, needs to make a fundamental shift toward a demand-driven and more sustainable sourcing model. [125]