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Plain Vanilla will not work in 2020
India’s textile sector is under stress with 2019 turning out to be a challenging year. The country’s exports of textile and apparel declined by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November). While cotton yarn was a major casualty with 37 per cent decline (whereby exports to China alone halved), growth of apparel exports continued to be anemic.
Itema S.p.A. announces agreement for stakes in Schoch
Itema, multinational company part of Radici world of companies manufacturing advanced weaving solutions including weaving machines, spare parts and integrated services, announced on September 19, 2019 that the company has signed the agreement for the taking over of Schoch Group.
Lifetime achievement award for Om Prakash
At the recently concluded MICE AFFAIRS International Conference & Awards Night on July 19, 2019 in New Delhi, Om Prakash, Director, InORBIT Tours, & ex-Chairman TraveI Agents Association of India (WR) was awarded the prestigious “Lifetime Achievement Award” for his significant contribution to trade and exhibition industry for over 40 years. He is the pioneer in India to start visits to international exhibitions all over the world since 1979.
Textile exports likely to miss $45bn target
Textile exports are likely to miss the $45 billion target for 2017-18, as the industry reels under the impact of GST roll out and tariff advantages enjoyed by competitors like Bangladesh and Vietnam, according to textile industry body CITI.
Ricoh & Bianchi to exhibit in FESPA 2018
Ricoh, a provider of document management solutions, IT services, commercial and industrial printing, digital cameras, and industrial systems, and Bianchi, a leading bicycle manufacturing company based in Italy, are set to participate in FESPA 2018, the global print expo, which will be held from May 15 to 18, 2018, in hall 3.1 A50, in Messe Berlin, Germany.
Apparel exports increase in Nov
There has been an increase in Textile & Apparel (T&A) exports in November 2017 after witnessing decline since May last year.
CCI to focus on commercial operations
The Cotton Corporation of India (CCI) has procured about 5 lakh bales this season of which 4 lakh bales have been procured at minimum support price (MSP) and the remaining 1 lakh bales as part of its commercial operations, senior officials at the CCI said.
USDA lab certified under ICA Bremen Scheme
The USDA Quality Assurance Laboratory (USDA) has become the latest laboratory to be certified under the ICA Bremen ‘International Laboratory Certification Scheme’.