Browsing: Industry Update

Thanks to new Free Trade Agreements and government-assisted trade promotions and market search, Vietnam’s textile exports turnover for Q1 of 2021 has seen a modest growth after last year’s dip because of the pandemic.

After reporting a net profit of about Rs 17.9 billion in Q4 last year, Alok Industries, a well-known textile firm, has reported in its regulatory filing a net loss of Rs 5 billion in the current Q4 ending on March 31st, 2021.

The Department of Handicrafts and Handloom in Kashmir is in the process of shortlisting a social media agency. The agency will aid artisans by managing the marketing and publicity of their authentic and genuine products.

The new MAX Technology includes 3D print capabilities for endless graphic decorations in a single, waste-free process. Kornit also announced two other products named Kornit Atlas MAX and ActiveLoad Automation technology.

The domestic order is worth Rs 3.45 billion. Meera Industries will deliver three sets of its newly launched Tape Drive CT-260 Twister or Cabler machines for BCF carpet yarn manufacturing space to Dodhia Synthetics.

The Bangladesh garment and textile exporters have been struggling with the second COVID wave and have requested the government to allocate a financial package to help them pay wages and festive allowances to workers.