Textile exporters are threatening to move their production bases to overseas if the issue of power shortage is not resolved in Karachi.
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The Tamil Nadu government announced re-opening of textile showrooms and jewelleries in 23 districts from June 28, 2021 by relaxing lockdown norms. This was done due to pleas and opinions from people and trader’s bodies.
Avgol has announced that it is going to invest in a new high-capacity and high-speed flexible multiple-beam production line at its facility in Uzlovaya, Russia.
Under the new rules, named ‘Textile Industry (registration and one-stop service centre) Rules-2021’, investors have to obtain both ‘proposed licence’ and ‘existing licence’ from the Department of Textiles (DoT).
The outdoor apparel company Patagonia and circular fashion and textile technology group Infinited Fiber Company have signed a multi-year sales agreement
Chronolife and the Chugai Pharma France laboratory aims to develop a smart textile for “real-life†monitoring of the impact of chronic pathologies on patients’ articular health.
In developing countries like Brazil, Bangladesh, India, China, Pakistan, and Turkey, the global textiles market is estimated at around $1.4 trillion. It employs around 300 million people.