A record 971 exhibitors from 12 countries and regions (2017: 721), and 17,664 trade buyers from 35 countries and regions (2017: 15,608) took part in the Intertextile Pavilion Shenzhen, reflecting the strength of the Southern China fashion sector.
Month: July 2018
Presently the Indian textile engineering industry is fulfilling only 45-50 per cent requirement of the domestic market of Rs 15,000 crore, while exports about Rs 6,500 crore worth textile machines and accessories. It has targeted to reach to Rs 25,000 crore by 2025.
SPGPrints, a leading equipment and consumables supplier for printing in the textile and graphics industry, has successfully argued before the Dutch court in The Hague that the MS/Dover patent EP2643159 for single pass digital textile printing is not inventive.
Experts said as per WTO norms, India would not be able to give further incentive to the textile sector and the government had increased the import duties to encourage domestic manufacturing.
The government has doubled import duty on more than 50 textile products ? such as jackets, suits and carpets ? to 20 per cent, a move that is aimed at promoting domestic manufacturing.
The Lenzing Group (Lenzing at Techtextil Atlanta, on May 22, 2018, introduced LENZING as the specialty industrial brand, which provides smart solutions from botanic origins that are made in environmentally sound production processes.
Since 2008, a combined show known as ITMA ASIA + CITME has been held in China, scheduled to take place every two years.