On January 17, KARL MAYER (CHINA) had reason to celebrate twice: the subsidiary of the renowned KARL MAYER Group celebrated both Chinese New Year and its 25th anniversary.
Browsing: Industry Update
Donear NXG, a leading lifestyle menswear brand from the House of Donear Industries, participated in the 70th edition of National Garment Fair organised by the Clothing Manufacturers Association of India (CMAI).
Front pages of broadsheet newspapers and television screens have glaring images of facemasks worn by people in China. These single-use facemasks have spunmelt and carded filter substrates and have been in demand in China since the outbreak.
The textile industry has been demanding for the abolition of anti-dumping duty (ADD) levied on PTA, the basic raw material used for the manufacture of polyester staple fibre and filaments, to remain globally competitive.
At the Swiss-Egyptian Investment Forum which took place in Cairo (Egypt), the Cotton & Textiles Holding Company and Rieter signed additional contracts related to the modernisation programme for the Egyptian textile industry.
Finance Minister Nirmala Sitharaman proposed National Technical Textile Mission with an outlay of Rs 1,480 crore over four years to cut down import.
Textile industry plays a significant role in the economy contributing to over 13 per cent of the industrial output, over 2 per cent to the GDP of India.