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IAF & ITMF unveil Standards Convergence Initiative
March 2021
ITMF and IAF at the OECD Forum on Due Diligence in the Garment and Footwear Sector held online unveiled their joint initiative, the SCI or Standards Convergence Initiative
Brands do not want to compromise on style when shifting to circular materials
March 2021
Infinited Fiber Company is a Finnish biotech founded in 2016 to commercialise a breakthrough recycling technology that can turn cellulose-rich raw materials – like cotton-rich textile waste, used cardboard, or wheat or rice straw – into high-quality textile fibres with the look and feel of cotton. The patented technology has been validated by leading brands and is ready to be scaled. Infinited Fiber Company won the Europas 2020 Hottest Sustainability Tech Award, and was listed on the Global 50 to Watch by Cleantech Group in 2019. Petri Alava, CEO & Co-founder, Infinited Fiber Company sheds light on why conscious clothing is becoming a popular choice, the growing market for regenerated fibres and more.
We plan to expand into textile sectors in coming months
February 2021
LetsTransport is a new-age, reliable logistics platform aiming to disrupt on-time delivery with last-mile efficiency. The company was founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher. It is a series-B funded, last-mile tech-logistics solution provider for intra-state deliveries based in Bangalore. It offers reliable, affordable, and professional services, structured to serve enterprises. Co-founder and CEO, Pushkar Singh chats about the future of logistics in India and the company’s foray into the textile and apparel sector.
Orders intake still on downturn in Q4 of 2020: ACIMIT
February 2021
The index of orders intake for Italian textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from October-December 2020 was down by 5% compared to the same period in 2019.
Dollar Industries announces Q3 FY21 results
February 2021
Dollar Industries Limited, one of the leading garment and hosiery companies in the country have announced its financial results for the quarter ended December 31st, 2020.
The Indian market for low-voltage drives is forecast to grow at approximate CAGR of 3 per cent
February 2021
Founded in 1915, Yaskawa is one of world’s largest manufacturers of motion control products for industrial automation and OEMs. Yaskawa’s journey in India began with the business of PLC in1980 and AC drives in 1990 and steadily expanded to accommodate growing customer needs. Yaskawa India addresses innovation in drives and motion control and robotics automation. Arjun Gopal, Senior Manager, Key Account Development – HVAC, Water & Textile Business, Yaskawa India discusses the requirement of textile industry with respect to drives and motors and the latest innovations in this field.
Why textile machinery prices could rise
February 2021
Improving consumer confidence levels, pick up in discretionary spending and opening up of economies are assisting Indian textile companies to tide over the COVID 19 pandemic with continued rise in demand.
Mayer Braidtech merges with parent company Mayer & Cie
February 2021
Mayer Braidtech GmbH has merged with Mayer & Cie. Braiding machine production and sales will be a separate division of the former parent company.
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