As per the reports, the chaos in Afghanistan due to the Taliban’s takeover has affected the textile hub of Surat. The exporters and brokers have claimed that a payment of Rs 4 billion is stuck due to the unrest.
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According to the rating agency, cotton-based textile products emerge as a clear winner with additional incentives of Rs 750-850 crore in the new rates of rebate under RoDTEP.
Shyplite, a 4PL AI-powered logistics platform, helps in the automation of logistics and increases shipping efficiency. The start-up has announced the launch of 9 new fulfilment centres across Delhi-NCR, Mumbai, and Bengaluru
German textile machinery producer will present innovations in chemical dispensing, energy savings, and the coloration of materials ranging from fibers to fabrics to 3D-printed parts at Techtextil
Bangladesh industry leaders are tensed over the government’s permit of yarn imports through all land ports across the country and partial imports of the readymade garment industry’s key material.
According to the report, the home textile exporters are going to show growth at a rate of around 20-25% in 2021-22 with healthy margins.
Cosmo Speciality Chemicals has come up with a clay-based sourcing agent, Eco Clay, for the textile industry. This agent is going to reduce the load on E.T.P up to 30%.