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FDI in textiles doubles
Foreign direct investment (FDI) in textile sector more than doubled to $618.95 million during 2016-17 from $230.13 million in the previous fiscal, Parliament was informed recently.
GHCL to shift focus on domestic market
Uttar Pradesh-based GHCL, a leader in home furnishings, plans capacity addition and wants to move focus from exports to the burgeoning home textiles market even as textile manufacturers continue protests over GST.
China still leads in technical textiles
The global technical textile industry was estimated to be worth $142 billion in 2015 and is expected to reach $165 billion by 2019. The vast majority of technical textiles come from APAC, which accounts for a share of almost half of the global technical textiles market.
9 textile labs to match Japanese standards
Nine textile laboratories in India will be upgraded to match Japanese quality and compliance standards to improve textile exports to Japan, says KS Muralidhara, Joint Director – Laboratories, Textile Committee, Government of India.
GSP benefits Cambodian exports
The garment industry of Combodia earns 80 per cent of Cambodia’s foreign exchange earnings and employs an estimated 350,000 people in more than 300 factories.
Vietnam facing textile export challenges
Vietnam's textile and garment exports this year are estimated to reach $28.5 billion, meeting roughly 92 per cent of the set plan due to market difficulties, the Vi?t Nam Textile and Apparel Association (Vitas) reports.
Textile units told to submit data
From January 2017, all units in India across the textile value chain, except handloom, khadi and jute, will have to register online and provide data on production.
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