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Chinese firms eye local market due to Western crackdown
Though the pandemic and crackdown by the US and other western countries on Chinese enterprises, have not affected the exports of some firms in North Western Xinjiang, many companies are exploring the domestic market.
The growth engine of Indian textiles sector
With transformation of the Indian economy post liberalisation in the early 1990s, the demand and consumption of technical textiles products in India has been consistently increasing, says a report from KPMG.
ITAMMA organises 21st product-cum-catalogue show
Presently the Indian textile engineering industry is fulfilling only 45-50 per cent requirement of the domestic market of Rs 15,000 crore, while exports about Rs 6,500 crore worth textile machines and accessories. It has targeted to reach to Rs 25,000 crore by 2025.
Orders for Italian textile machinery up 29%
The orders index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, rose by 29 per cent for the period from October to December 2017 compared to the same period for the previous year. The index value stood at 120.9 points (basis: 100 in 2010).
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