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Pandemic accelerates digital transformation in textiles: ACIMIT
August 2021
Covid 19 pandemic has accelerated digital transformation process in textile sector, according to ACIMIT - the association representing the Italian textile machinery manufacturers.
Digital transformation process accelerates in textiles
July 2021
At ACIMIT’s general assembly, it was discussed that the Covid-19 pandemic has adversely affected the textile machinery sector, and the ways to relaunch the industry were also discussed.
Piyush Goyal urges industry to focus on innovation
July 2021
According to Union Minister Piyush Goyal, the textile sector has great growth potential and it should be realised by using innovations, the latest technology and facilitation.
More textile firms line up to invest in Telangana
July 2021
According to the reports, many companies are in serious decision with the government of Telangana on investments to set up their manufacturing units in various parks across the state.
RadiciGroup FY2020 results show growth despite pandemic
July 2021
RadiciGroup, closed its 2020 financial year with higher EBITDA up 4.4% compared to the prior year, and net income, net of amortization and depreciation, that rose to 8.1% over 2019.
Rising inflation to make textile items costlier
June 2021
The price hike in diesel and petrol has caused inflation to increase by 25 to 30% after unlock. From July the rate of textile items will further increase by 10 to 15%.
Truth behind Pakistan’s 3 times rise in textile exports
May 2021
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
Karur’s textile manufacturing units shutdown for 5 days
May 2021
With a spike in the number of COVID-19 cases, Karur textile manufacturers and exporters association has announced a complete shutdown of the manufacturing units starting May19.
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