Hyosung has released its Creora brand’s activewear fabric trends for 2018. The trends, celebrating fashion combined with functionality and high performance, are divided into four distinct heads: Nourish it!, Work it!, Own it!, and Live it!
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The Tamil Nadu Government has sanctioned Rs 200 crore to Tirupur dyeing industry, which was on the verge of closure due to severe financial crisis, arising out of their huge investments in the first ever Zero Liquid Discharge (ZLD) projects in the country.
Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually. Consumers continue to face liquidity tightness, resulting in deferring of purchase.
SITRA, at its recently-held Annual General Body Meeting that was held on September 30, 2016, reconstituted its governing body – The Council of Administration. Dr KV Srinivasan, Managing Director, Premier Mills Pvt Ltd, Coimbatore was elected as the Chairman of the Council of Administration. Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works Ltd, Coimbatore was elected as Vice-Chairman of the Council of Administration.
MAG celebrated its Silver Jubilee on November 9, 2016. All the eminent personalities who had supported MAG through these years graced this occasion with their presence. The grand occasion was adorned by the present MAG’s employees, well-wishers and business associates along with their family. GV Aras, Director, A.T.E Enterprises Pvt. Ltd., Mumbai was the Chief Guest of the event and unveiled the Silver Jubilee commemorative stone.
During the first nine months of the current year, Indian apparel exports have declined by (-) 0.08 per cent to US $ 2,876.59 million as compared to $2,878.79 million in the corresponding period last year. In September particularly, India’s apparel export percentage to the US changed from positive to negative; till the end of August this year India’s growth (albeit marginal) was up 0.06 per cent.
The orders index for textile machinery recorded an increase for the third quarter of 2016, thanks to positive sales figures abroad. Based on an industry survey conducted by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from July to September 2016 the overall order intake increased by 16 per cent compared to the same period last year. The third quarter value for 2016 stood at 101.1 points (2010 basis = 100).