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Rieter systems aiding sustainable yarn production
May 2021
Minimum environmental pollution, maximum power consumption savings, optimum use of resources: These are just some of the factors that Rieter has considered for decades when developing new products. The spinning systems offer customers sustainable yarn production and long-term profitability.
Crisis in Bhiwandi powerloom sector
August 2020
Bhiwandi has approximately 6.5 lakh power looms, which is 33 per cent of country’s total power looms. Out of 6.5 lakh, about 15-20,000 looms are automatic and mostly China made rapier, writes B Basu.
Industry 4.0: From bale to box
June 2019
ACG Kinna Automatic, based in Skene in Sweden, provided dramatic live demonstrations of its new robotic pillow filling system at Heimtextil last month, which has the ability to fill and finish some 3,840 pillows per eight-hour shift.
GST Council allows ITC refund to fabrics
July 2018
The Goods and Services Tax (GST) Council at its 28th meeting held under the chairmanship of Union minister for railways, coal, finance and corporate affairs Piyush Goyal has recommended for allowing refund of input tax credit (ITC) to fabrics. The refund of accumulated ITC shall be with prospective effect on purchases made after notification is issued.
Rs 8,450-cr sops for MSMEs
December 2017
The Indian government has announced fresh incentives worth Rs 8,450 crore to boost exports and support the MSME and labour-intensive industries. The incentive came as a part of the mid-term review of India’s Foreign Trade Policy (FTP) 2015-2020.
Datatex signs agreement with 2 Indian cos
November 2017
Datatex AG, a leader in ERP solutions for the apparel and textile industry with the largest installed base of textile software, has signed agreements with two Indian companies—Gemini Consulting and Services and Fulcrum Consultancy.
GDP growth forecast trimmed to 7%
October 2017
CRISIL has trimmed its fiscal 2018 growth forecast for India by 40 basis points to 7 per cent from 7.4 per cent earlier, after data for the first quarter showed GDP growth at 5.7 per cent, the slowest in the past three years.
Applied DNA Sciences VP honoured
June 2017
Applied DNA Sciences, Inc has announced that MeiLin Wan, Vice President of Textiles, received a 2017 Outstanding 50 Asian Americans in Business Award at the organisation's 16th annual dinner gala in New York City on June 20th.
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