The government is currently integrating Government e-Marketplace (GeM) portal with Railways for the benefit MSMEs.
Browsing: Industry Update
Eastman, the global specialty materials provider, has decided to increase its capacity to produce Naia cellulosic yarn to serve the growing demand of customers. More than 50% will be produced by 2022.
Garment and textile industry of the country is happy over several states easing lockdown and hopeful of movement of their goods in transit and pending delivery.
India’s technical textile revolution has paved way for COVID 19 response. Dr Seshadri Ramkumar has played a vital role in the industry’s growth over two-plus decades.
Gucci, a luxury fashion brand of Italy, has launched its new collection of printed, silk, and linen kaftans inspired by Indian kurtas. The kaftans are designed with a traditional neckline and tassels.
The apparel exporters in Noida are experiencing a comeback of the export orders as the western nations are slowly opening up after the effects of the pandemic. Noida has around 3,000 apparel manufacturing units.
For the entire financial year 2020-21, the GDP contracted 7.3 per cent  a record low. In January-March last year, the economy had grown 3 per cent.