Pratibha Syntex Ltd (Pratibha), a vertically integrated, sustainability oriented manufacturer of knitted textile products, announced that Apparel Export Promotion Council (AEPC) has bestowed it with prestigious Gold Trophy for Highest Global Exports 16-17 in the category of apparel exports above Rs 100 crore and up to Rs 500 crore and formidable Award for Environmental Sustainability during a programme held at New Delhi.
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Knitwear and apparel exporters in Tiruppur have lauded the Indian Government for its crucial support to the garment sector by approving a new skill development scheme. The new scheme titled ‘Scheme for Capacity Building in Textile Sector (SCBTS)’ covers the entire value chain of the textile sector excluding spinning and weaving in organised sector.
The International Islamic Trade Financing Corporation (ITFC), a member of the Islamic Development Bank (IDB) group, has signed a syndicated agreement of €100 million with the government of Cameroon and the Société de développement du coton (Sodecoton) as the executing agency for the export of cotton and the import of various agricultural inputs.
The recent pink bollworm incidence in certain cotton growing regions suggest that cotton production in India may be lower than the earlier forecast, according to the Mumbai office of the Foreign Agricultural Service (FAS) of the US department of agriculture.
Welspun India has emerged as the first global textile entity to patent a fibre-tracking technology, turning adversity into opportunity. The Mumbai-based world’s second largest terry towel producer, developed the technology after a large customer terminated a contract following mislabelling of the provenance of fibre in certain consignments.
The Cabinet Committee on Economic Affairs has approved the scheme for Capacity Building in Textile Sector (SCBTS). An official statement said that new skill development scheme covers the entire value chain of the textile sector, excluding spinning and weaving in the organised sector.
Pakistan’s cotton production is feared to plunge to 11 million bales during the current season against the revised target of 12.6 million bales as the country’s key crop producing province Punjab is likely to deliver an output setback, officials said.