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PM MITRA parks to generate $ 6 bn investments
PM MITRA scheme is expected to bring fresh capital investment of $ 5.5-6.0 billion and in turn create export opportunities of around $ 4.5-5.0 billion p.a. for textile products once the scheme is fully implemented, according to a CARE Ratings report.
REACH4textiles project launched for monitoring textiles
The REACH4texiles project aims at exploring solutions for fair and effective market surveillance on textile products and welcomes collaboration with concerned authorities across the EU Member States.
Mohan Spintex to use Datatex’s NOW ERP
Mohan Spintex is believed to be India’s largest manufacturer and exporter of home textile products. It has multiple plants of weaving, spinning, processing, and manufacturing home textiles.
Solvay Launches Partially Bio-Based Textile Yarn
Solvay is globally launching Bio Amni, its first partially bio-based polyamide textile yarn. It is a polyamide 5.6, which is produced entirely at the company’s textile industrial unit in Brazil.
PLI scheme: A step in right direction
In September 2020, Textile Secretary Ravi Capoor informed investors that the Government of India was planning to bring a “focussed product scheme” to incentivise production of synthetic fibre-based apparel and technical textiles.
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