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Will the sun shine on India’s technical textile sector?
India’s technical textile industry, still in its nascent stage, is witnessing growing domestic as well as global demand. Can increasing disposable incomes, growing investment, and the government’s power boost turn this into a $5 trillion economy in the next few years?
Textiles Ministry to form a structure under PLI: Irani
The Textiles Ministry is bringing to form a structure under which the Production Linked Incentive (PLI) Scheme for technical textiles and manmade fibre (MMF) segment will roll out, Union Cabinet Minister, Smriti Irani said at an ASSOCHAM Foundation Week Programme recently.
Textile Industry: Locked down
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
Textile industry to reach $2.1 trillion by 2025: ITAMMA President
The Indian Textile Accessories and Machinery Manufacturers Association (ITAMMA), which participated at the recently-concluded Texfair 2017 in Coimbatore, talked about working towards its vision “to make India the hub of textile accessories and machinery by 2020,” and accordingly under mission plan ITAMMA is taking efforts to innovate and improve the technological capability of its member companies through various schemes and initiatives.
Who´s Who: Y-Gen
Anuj Bhagwati, who now heads the A.T.E. Group, joined the Group in 1994. He has been actively involved in a wide range of activities in the group: he introduced IT to the group, managed several companies, put together joint ventures, and has been a part of divestments, turnarounds, start-ups and scale-ups. In the process he has transformed A.T.E. into a modern and technology oriented group.
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