Inspired by bright global market prospects for smart textile products, the Taiwan Textile Research Institute has helped establish the Taiwan Smart Textiles Alliance, bringing together related manufacturers as well as government and academic research units to develop innovative products, set up industrial standards and explore markets.
Month: May 2017
With the demand to import more than $10 billion worth of apparel products each year, Russia is a market with potential for Vietnamese garment-textile businesses.
Indian consumers spending on apparel and footwear is expected to hit $70 billion by 2020, up from $63 billion for the year ended March 2017, according to a new report by retail insight company, Fung Global Retail and Technology.
Radhika Goenka, daughter of BK Goenka and heiress to the Welspun Group, is set to start her own line of women’s innerwear – Lingerie Shop. This will also feature the launch of fully functional lingerie vending machines with its all-black collection, Be Mine, on display.
Hyosung Corporation is likely to increase its investment in Vietnam, encouraged by good earnings by its Vietnamese subsidiary and a slew of measures taken by the Government to attract foreign investment in the Southeast Asian nation.
The consistently high cotton prices in India in 2016-17, and which is still continuing in this financial year, will encourage Indian farmers to grow more this year.
Government Polytechnic, Nagpur recently organised an industry-institute-interaction meet on “Cotton growth and development in Vidarbha region†with the delegates from Ethiopian textile industry.