Browsing: Industry Update

FTAs with Australia, Canada, the United Kingdom and EU will help boost India’s textile exports, according to AEPC, whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.

Welspun India’s leading innovation brand—HygroCotton—has completed 15 years. The company has also accomplished another milestone of achieving $1 billion of global sales (FOB) since its introduction. HygroCotton is crafted with a proprietary spinning technology, producing yarn with a hollow core.

Specialty chemicals company LANXESS on January 10, 2020 completed the sale of its chrome chemicals business.

With effect from January 8, 2020 the management of Fagus-GreCon GmbH & Co. KG changes. After 12 years of service, the shareholders relieved Kai Greten of his role as Managing Director, due to irreconcilable differences.

Face masks and vaccine are going to indispensable in the fight against COVID-19.

Exports of Indian man-made fibre (MMF) textiles is expected to reach $7 billion by the end of fiscal 2020-21, witnessing a growth of at least 10 per cent from the current level, according to Ronak Rughani, Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC).

UKFT’s latest figures show that value of UK fashion and textile exports have reached almost Euro 10 billion representing an increase of 66 per cent in a decade.