Electronics For Imaging Inc (EFI) continues to revolutionise the future of printing by introducing new technologies at this year’s FESPA Global Expo in Berlin.
Month: May 2018
Union Minister Smriti Irani said the textile sector has attracted up to Rs 27,000 crore investments since the announcement of incentive package last year, and is likely to get more investment from international and domestic markets going forward.
The two historical reforms viz., demonetisation and GST, brought by the Government within a span of eight months, though had a big impact on the performance of the textile manufacturing sectors especially the garment exports,etc.
The National Institution for Transforming India (NITI Aayog), the think tank of the Indian government, and ABB India have signed a Statement of Intent (SoI) to support the Indian government realise its ambitious vision of “Make in India†through advanced manufacturing technologies that incorporate the latest developments in robotics and artificial intelligence.
The Lenzing Group is set to expand its capacities for Tencel Luxe filament yarn. The company will invest up to Euro 30 million in a further pilot line at the Lenzing site.
Indian textile and clothing exports register positive growth. In 2017, India remained as the world’s leading cotton yarn exporter with a global market share of 25 per cent.
The Indian Government has urged industry players to invest in technical textiles as its market is likely to double to about Rs 2 lakh crore by 2022, a top official said.