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Itema announces the acquisition of PTMT (ex Panter)
Itema, the leading provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services, announces the finalisation of the agreement for the acquisition of the PTMT, formerly Panter, in business lease since April 2019.
Economic impact & road ahead
The special Covid-19 economic task force announced by Prime Minister Narendra Modi would likely work on an economic package for the sectors most affected by the coronavirus outbreak as also people working in the informal sectors.
ITMF urges govts to support textile industry
The results of second ITMF Corona Survey, which were released recently, revealed that on average orders are down by -31 per cent and the turnover for 2020 is expected to drop by -28 per cent.
Textile Ministry steps up procurement of PPE
The Textile Ministry has procured 1,30,000 coverall suits from Indian producers amid a shortage of the protective gear being used by health care workers while treating coronavirus disease patients.