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8 stories this month · 0 following
Tata Communications plans to invest ₹4,350 Cr to build 10,000 km of AI-ready connectivity infrastructure across India by FY36. The network will support data centres and AI workloads.
Why it matters
Textile MSMEs should prepare for faster digital trade and cloud-based supply chain tools.
Bengaluru-based QwikBuild has secured $2.3 million in pre-seed funding led by Globalway. The startup builds AI-driven enterprise software to reduce development and deployment time. It also announced a joint venture to enter Japan’s market.
Why it matters
Textile MSMEs adopting digital tools should watch for AI-driven workflow automation solutions that could streamline operations.
IndiaMART reported a 9.8% YoY increase in net profit to ₹90.7 Cr for Q2 FY27, with revenue up 10% to ₹428.6 Cr. EBITDA margin improved by 300 bps to 40%, despite a sequential profit decline. Paying suppliers grew to 2.2 Lakh.
Why it matters
Textile MSMEs using IndiaMART should track platform trust and AI tools for better engagement and supplier monetisation.
Fintech startup axiTrust is raising $5 mn in Series A funding led by Argor.vc to build digital surety bonds. The startup aims to replace traditional bank guarantees, freeing up ₹15 lakh crore of MSME working capital locked as collateral.
Why it matters
Textile MSMEs should watch for digital surety bonds as an alternative to bank guarantees to improve cash flow.
BSE SME-listed fintech SaaS firm Veefin Solutions reported a 127% rise in net profit to ₹24.9 Cr in H1 FY27, with revenue more than doubling to ₹238.8 Cr. The company’s supply chain finance pipeline stands at ₹920 Cr.
Why it matters
Textile MSMEs should watch Veefin’s SCF solutions for potential financing options, especially for supply chain needs.
SGCCI’s free Modern Weaving Technology introduction is for textile students and entrepreneurs. Join on 18 November 2026 at 5:30 PM IST at Samruddhi, Nanpura, Surat.
Why it matters
Check SGCCI’s official page for registration and updates before attending.
SGCCI Education Programs starts a 12-day Circular Knitting Technology & Business course on 21 October 2026, Monday–Friday, 9:30–11:30 AM IST, at Samruddhi, Nr. Makkai Pool, Nanpura, Surat. Faculty Sejal Pandya will cover machine setup, yarn quality and production costing; the fee is ₹10,000 + GST. Confirm the final session date and full timetable with SGCCI.
Why it matters
Relevant to production teams; check the complete timetable and course suitability before deciding to enrol.
SGCCI Education Programs starts a 12-day Fabric Identification course on 21 October 2026, Monday–Friday, 5–7 PM IST, at Samruddhi, Nr. Makkai Pool, Nanpura, Surat. Faculty Sejal Pandya will cover fibres, fabric structures and quality checks; the fee is ₹10,000 + GST. Confirm the final session date and full timetable with SGCCI.
Why it matters
Relevant to sourcing and quality-control teams; check the full schedule and member discount before deciding to enrol.
