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NITMA welcomes budget announcement for textile sector
Sanjay Garg, President NITMA , welcomed the proposal of Union Budget 2021-22 as the grant to textile and clothing sector is budgeted at Rs 3,631.64 crore which is about 10 per cent higher than previous year’s revised budget of Rs 3,300 crores in 2020-21.
Digital is the way ahead
The digital textile printing market is estimated to be worth $8.8 billion by 2027.
Aditya Birla acquires 51% stake in Sabyasachi Brand
India’s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51% stake in Sabyasachi brand.
India’s textile & apparel industry
The global apparel demand is expected to boost at a steady CAGR of 5 per cent to grow from the current $1.9 trillion to reach $2.6 trillion by 2025.
Karl Mayer offers warp knitting with seersucker effect
Karl Mayer makes it possible to produce seersucker-effect fabrics on warp knitting machines. Melanie Bergmann, Textile Technology Product Developer at Karl Mayer is responsible for the breakthrough
Garment exporters urged to tap potential in Canada
Canadian companies increasingly look at sourcing readymade garments from India and Indian apparel manufacturers have huge potential to increase its share in the Canadian market, according to Indian High Commissioner in Canada Ajay Bisaria.
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