The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, recently gave away export awards in a function held on January 27, 2018 in Mumbai. Present during the occasion was: Smriti Zubin Irani, Union Minister of Textiles & Information and Broadcasting; Ajay Tamta, Union Minister of State for Textiles; Anant Kumar Singh, Secretary, Textiles; Dr Kavita Gupta, Textile Commissioner; Rughani, Vice Chairman; Anil Rajvanshi, Convenor, Export Award Committee; and Rajen Udeshi of Reliance Industries.
Year: 2018
In a first, India will have its own size chart for ready-to-wear clothes. The National Institute of Fashion Technology (NIFT), New Delhi under the Ministry of Textiles will undertake an extensive research study to develop a comprehensive size chart for the ready-to-wear garment industry based on body measurements of the Indian population.
The German Partnership for Sustainable Textiles and the Dutch Agreement on Sustainable Garments and Textile have signed a cooperation agreement to support companies in implementing due diligence by harmonising sustainability requirements.
With an aim to make Haryana a hub of textile manufacturing, the state government on Tuesday approved Textile Policy 2018 to incentivise setting up of new units, and ensure growth and modernisation of the existing textile industry in the State.
Dow India recently announced that Chandrakant ‘Chandra’ Nayak, currently Product Director for Polyurethanes in Asia-Pacific has been assigned to lead as Sales Director for Polyurethanes & POPG in Middle East, Africa and India,etc.
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
Rieter’s growth in order intake in the Asian countries (excluding China, India and Turkey) was pleasing.
The Rieter Group achieved an order intake of CHF 1 051.5 million in the 2017 financial year. This represents an increase of 16 per cent compared to the previous year (+ CHF 146.3 million). Thus, the upturn seen in the first half of 2017 continued. Sales totaled CHF 965.6 million, up 2 per cent on the previous year (2016: CHF 945.0 million). The full annual financial statements and the 2017 Annual Report will be published by Rieter on March 13, 2018.