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MSMEs face existential crisis
Crisil report says that the pain will radiate as India Inc heads towards approximately 15 per cent decline in revenue and approximately 25 per cent fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).
Antiviral fabric: The new buzzword
Antibacterial treatment of clothing was already relatively widespread before the Covid-19 outbreak, marketed as a way consumers could critically reduce the frequency of washing their clothes but the pandemic has hastened demand for its protective qualities.
Maha HC stays show-cause notice to 62 textile units
The Bombay high court (HC) recently stayed notices issued by the Maharashtra Pollution Control Board (MPCB) to 62 textile units in Malegaon that refused to grant consent to operate the units.
Garment cos call for FTAs with EU, UK, US, Australia
Readymade garments exporters have asked the government to expedite free trade agreements with high potential markets such as the EU, the UK, the US, Australia and Canada which could lead to exports doubling in three years’ time.
New dates for Screen Print India announced
With an aim to help businesses re-connect and strengthen their supply chains as they gradually re-open, Messe Frankfurt India has announced new dates for the 2020 edition of Screen Print India. The exhibition, which will mark its launch in New Delhi this year, will join the premier trade fair for the textile industry, Gartex Texprocess India, from 17 – 19 December 2020 at India Expo Mart, Delhi-NCR.
Welspun One's 900-cr warehousing project in Bhiwandi
Welspun One Logistics Parks (WOLP) has signed a 900-crore MoU for their Bhiwandi project with the State Government of Maharashtra under the state's Magnetic Maharashtra initiative on June 23, 2020, presided over by Honourable Minister of Industries, Subhash Desai. Welspun One's maiden 110 acre Grade A warehousing park with a leasable area of 3.2 million square feet will generate over 2,700 job opportunities.