COTTON USA, which promotes U.S. cotton, offered sourcing support to the fashion industry supply chain at the Texworld in Paris from September 12-15, 2016, in Hall 2 F137. COTTON USA provided visitors with comprehensive background information on responsibly-produced U.S. cotton, global cotton market developments, the findings of current market and consumer studies, and its ongoing licensing, marketing and sourcing programmes.
Month: October 2016
The cricketer hopes his new brand would be worth Rs 100 crore in the next three years. “It would be an athletic fashion clothing line for men, women and children. While 70 per cent would be men’s fashion the rest would be women’s. The brand foresees to close somewhere around Rs 25-30 crore in topline in the current financial year and we see it becoming a Rs 100 crore brand in three years,†said Singh.
March next year, in order to substitute for Bt cotton. This year, CICR began trial cultivation of 15 indigenous varieties of cotton seeds, the results of which will be out by December. In April this year, US-based Monsanto, which makes genetically-modified Bt seeds, had threatened to quit the Indian market. Then, CICR had informed the Government that it is coming up with Indian varieties which can substitute for Bt cotton.
Coimbatore-based MAG Solvics Private Limited has received the best R&D award from the Textile Machinery Manufacturers’ Association (TMMA) for ‘AccuTrash’, Automatic Trash Separator for the year 2015-16. TMMA constitutes various awards for the textile sector like outstanding export performance, R&D awards and segment wise and special awards. This year MAG has won the Best R&D award for its product AccuTrash.
Almost all manufacturers have a sampler, which is round and hence it requires a lot of skill to operate. A sampler is required to achieve identical results. Further, the sensor in the main instrument used is a wide sensor, i.e., 3 mm sensor. This also leads to lot of inaccuracies. Keisokki decided to eliminate the problems and developed a new instrument. The company introduced its computer technology-based Classifiber with:
The Government hinted at lowering excise duty on man-made fibre (MMF) in the new Textile Policy in order to boost investment to meet growing demand from the synthetic textiles industry. While cotton fibre attracts no duty, the Government levies 10 per cent excise duty on MMF. The industry has sought excise exemption on MMF on the grounds that the garments produced through MMF are primarily used by the economically weaker sections of society. Kavita Gupta, Textile Commissioner, Ministry of Textiles, confirmed it on the sidelines of FICCI TAG 2016  the 8th Annual Conference on Textile and Apparel Industry organised by industry body FICCI on September 2 at Hotel Lalit, Mumbai.
The world technical textiles market has been growing at a rate of 5 to 7 per cent since 2010, when its size was $116.5 billion, which rose to $147 billion in 2014. This is expected to reach $198 billion by 2020, disclosed Hendrik H van Delden, Managing Partner, Gherzi van Delden GmbH. The size of the production in these years were 22.5 million tonnes in 2010 and 28.4 million tonnes in 2014, which is expected to touch 38.2 million tonnes by 2020.