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LMW to modernise Kenyan mill
Coimbatore-based Lakshmi Machine Works (LMW) will modernise Kenya-based Rift Valley Textile Mills (Rivatex EA) to help it compete with its global counterparts.
SIMA hails GST rates
M Senthilkumar, Chairman, The Southern India Mills’ Association (SIMA) has highly appreciated and thanked the concerted and constant efforts made by Union Textile Minister, Smriti Zubin Irani for fully understanding the needs of the industry and persuading the Finance Minister and Prime Minister to classify the entire cotton textile value chain under 5 per cent GST rate.
Innovation Award from Woolmark
The Woolmark Company is reinforcing its commitment to supporting emerging design talent by enhancing the prize money for the prestigious International Woolmark Prize.
SIMA urges to remove cess on cotton
The Southern India Mills Association (SIMA) has urged Edapadi Palaniswami, the Chief minister of Tamil Nadu to remove 1 per cent Agricultural Market Committee Cess on cotton and cotton waste for the state budget of 2017-18.
New leadership team at NITMA
Rajiv Garg, MD of Garg Acrylics Ltd, was elected as President of Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. NITMA elected its new leadership team in its executive committee meeting held on February 1, 2017 at Ludhiana.
TN mills to cut cotton procurement from Guj
Gujarat, which has long been a hub for premium cotton for textile mills in Tamil Nadu, in the wake of increased adulteration with substances like comber noil and other cotton waste by Gujarat’s ginners, has drastically cut back their cotton procurement.
Face-lift for 24 Bangla jute mills
The government of Bangladesh has decided to modernise 24 public sector jute mills with Chinese funding. For several years, state-owned jute mills have been loss-making units and in the last fiscal year their losses amounted to Tk 588 crore.
BTMC to reopen six mills
The Bangladesh Textile Mills Corporation (BTMC) is looking at reopening six closed textile mills with Chinese help.
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