Month: December 2015

For 2015 third quarter the textile machinery exports from Italy declined slightly (-2 per cent), with external orders especially falling.

Kanoria Chemicals & Industries Ltd is back in textile business after a gap of two decades. The company is in talks with H&M, Peter Van Heusen, Velocity, Raymonds and Arvind to sell denim from its plant in Ethiopia. The company has made an investment of about $50 million in the African country to take advantage from duty-free exports to the US and the European Union.

Welspun India has achieved a revenue at Rs 14,723 million against Rs 14,135 million, a 4 per cent growth YoY. Growth rate was muted on account of base effect and capacity constraints. During Q3FY16, incremental volume from modernisation project at Vapi will be available.

Co-located with Techtextil North America and Texprocess Americas, JEC Americas, the composites show & conferences, will be host to 750 exhibitors and 9,000 attendees encompassing 3,63,000 sq.ft. of the Georgia World Congress Center on May 3-5, 2016.

Pakistan has ratified the WTO?s new Trade Facilitation Agreement (TFA), making it the 51st WTO member to do so. Ambassador Syed Tauqir Shah presented Pakistan?s instrument of acceptance to Director-General Roberto Azevêdo on October 27.

The Karnataka Government has modified its Textile Policy 2013-18 to strengthen textile value chain activities and to boost technical textiles.

Arvind Limited, one of the largest integrated textile and apparel majors in the country, has again bagged first prize in the National Energy Conservation Award 2015 in the textile sector, given by the Ministry of Power, the Government of India.