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Innovations in textile industry to define post pandemic growth
A wave of innovation that has hit the textile industry is the coming of Industry 4.0. With the increasing number of innovations (backed by strong domestic consumption and a healthy export demand), the future for the Indian textile industry looks promising, says Pradip Roy.
Sharp increase in demand for Italian textile machinery
The index of orders intake for Italian textile machinery, as processed by ACIMIT (Association of Italian Textile Machinery Manufacturers), for the period ranging from April-June 2021, was up 214% compared to the same 2020 period.
India is main market for Italian textile machine makers
The pandemic has accelerated a transformation already underway in the textile supply chain. Realising the urgency of enacting a digital transformation, Association of Italian Textile Machinery Manufacturers (ACIMIT) has accelerated its Digital Label project for certifying Italian textile machinery that adopt a common set of data, in order to more easily integrate with the operating systems of their client businesses (ERP, MES, CRM, etc.). In this interview with Rakesh Rao, Alessandro Zucchi, President, ACIMIT, explains the importance of digitalization and sustainability for textile machinery makers.
Sweden’s ACG leads the textile industry transition
It is exactly 100 years ago on August 17th this year that Carl Axel Gustafsson returned from the USA to Sweden with a significant agency agreement from the Boston-based sewing machine leader Reece.
Relationship between Italy and India is very important
India is the 4th market in the Asia-Pacific region for Italian export. As the Export Credit Agency (ECA) of Italy, SACE works alongside Italian exporters and Indian importers to support business between them. We foresee this partnership only becoming stronger over the next several years, says Gautam Bhansali, Head - India & South Asia, SACE. In this interview with Rakesh Rao, Gautam Bhansali elaborates on innovative financing solutions provided by SACE to facilitate exports from Italy to India.