The Indian Government has signed Memoranda of Understanding (MoUs) worth Rs 8,835 crore in textile sector at the Vibrant Gujarat Summit.
Month: January 2017
As production in spinning mills has come to a grinding halt since demonetisation, sales of yarn in western Tamil Nadu have plummeted. As a consequence, yarn stocks are piled up in city mills most of which rely on migrant labourers who have stopped work.
The retail industry in the USA is already taking a major hit this year, with several retailers announcing massive closures and layoffs within the first few week of the year.
Oeko-Tex has reviewed the requirements of its products and published its new regulations. A large number of new changes will be made to Made In Green, MySTeP, STeP, and Standard 100.
Unifi Inc continues to expand its global footprint of REPREVE® recycled fibre by entering into Vietnam with support from Century Synthetic fibre Corp, now a licensed manufacturer of Repreve.
An Italian textile machinery delegation will be on hand at the upcoming multi-industry Addis Chamber International Trade Fair (ACITF), to be held in Addis Ababa from 23 February to 1 March 2017. Ethiopia is an emerging production hub for the global textile and garments industry.
The International Cotton Advisotry Committee (ICAC) Secretariat forecasts that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.