Browsing: Apparels & Garments

To attract higher foreign investment in the textile sector, India has planned a complete overhaul of a scheme to create world-class infrastructure facilities for setting up textile units.

Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Duty Drawback Committee and the Government for considering the inputs given by the textiles and clothing industry and enhancing the rates marginally across the value chain.

Free trade agreements (FTAs) with Australia, Canada, the United Kingdom and the European Union (EU) will help boost India’s textile exports, according to the Apparel Export Promotion Council (AEPC), whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.

Welspun India’s leading innovation brand—HygroCotton—has completed 15 years. The company has also accomplished another milestone of achieving $1 billion of global sales (FOB) since its introduction.

Specialty chemicals company LANXESS on January 10, 2020 completed the sale of its chrome chemicals business. The buyer is Brother Enterprises, a Chinese leather chemicals producer.

MIP Inc, a global leader in reusable healthcare textile industry, was launched in India on December 13, 2019 by Tor Lund, President and CEO of MIP Inc, and Bollywood actor Ameesha Patel in presence of top doctors, healthcare professionals and policy makers.

With the foray of the Italian heritage brand – Moda Biella – into the Indian market last month, the brand is set to create a new benchmark in menswear fabrics; with its luxurious and innovative collection.