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Textile investment touches Rs 27k cr, claims Smriti Irani
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.
Kidswear branding & marketing stressed
The importance of marketing and branding kidswear was underlined by Avinash Mayekar, MD of Suvin Advisors at the Children & Baby Maternity Expo 2018 (CBME 2018), which witnessed a grand opening in the presence of renowned film actress Esha Deol recently in Mumbai.
Rs 2,600 cr package for leather & footwear industry unveiled
Union Minister Suresh Prabhu unveiled the Central government’s Rs 2,600 crore package for the leather and footwear industry, saying it had the potential of generating over three lakh jobs and formalising another two lakh in the next three years.
Sweden keen on tie-up with Aditya Birla Group on smart textiles
Sven-Erik Bucht Minister for Rural Affairs from the Ministry of Enterprise and Innovation Sweden arrived in Mumbai to discuss a joint project on smart textiles involving potentially Aditya Birla Group, Swedish company Domsjö and the two governments as well as the European Union.
The minister visited the Aditya Birla Group Textile Research Application Development Centre at Kharach in Gujarat, which is India’s pioneer in viscose staple fibre (VSF), a man-made, bio-degradable fibre with characteristics akin to cotton. The prime aim of this visit is to boost development on smart textiles from using VSF, cellulosic fibre and pulp as an alternative to cotton and hence the Aditya Birla group is a natural fit with its easily blendable cellulosic fibre.