Browsing: Industry Update

Telangana government is developing a state-of-the-art weaving facility at Peddur village in Sircilla. Welspun has laid a second foundation stone for an advanced textiles project with an investment of Rs 4.15 billion.

A new capacity line has been launched by Ascend Performance Materials to meet the growing demand by the customers. The company has expanded HiDura long-chain polyamides production capacity in Greenwood.

As per the report by SIDBI-CRIF, the Indian textiles and apparels industry has availed credit of Rs 1620 billion as of December 2020. As on this date, the active loans stood at 426 thousand.

The shoe industry is affected by short collection cycles and is under the pressure of time and cost. Two medium-sized German enterprises KARL MAYER STOLL and DESMA have joined forces to overcome this issue.

The importers of Vietnamese textile and garment products are opening opportunities for enterprises so as to boost production and expand the export market as the effect of the COVID-19 pandemic is subsidized.