German sportswear firm Adidas, planning to increase the proportion of sustainable materials in its products, is investing in Finland’s Spinnova, a company that makes textile fibre out of wood or agricultural waste.
Browsing: Industry Update
The garment manufacturers in Tiruppur and the Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore have appealed to the government for financial support as the units are shut for a month due to lockdown.
The seventh ITMA ASIA + CITME exhibition – the largest textile machinery exhibition to be held since the start of the pandemic – has opened in Shanghai (China) from 12 June 2021
As the demand for women’s innerwear increased due to lockdowns, the sales in this department went up by 4 to 5 times. This growth was seen more in tier 2 and tier 3 cities.
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.