The new textiles policy will focus on a three-pronged approach to boost the growth of Indian handicraft sector, which is facing tough competition from international players.
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Textile traders in the country’s largest man-made fabric (MMF) wholesale market in Surat are upbeat following the decision of the Central Board of Excise and Customs (CBEC) to keep saree out of the ambit of made-ups.
The opening of ContiTech?s new facility for coated fabrics marks a special milestone in the company?s history in China. It is the first international production site for elastomer coatings outside Germany.
Textile mills have started to import cotton from West Africa and the US as the landed costs are on par with the prevailing market price in the country.
In order to meet the growing demand, the Karnataka Silk Industries Corporation (KSIC) is setting up a second integrated silk weaving unit in Mysuru at a cost of Rs 24 crore, which will begin operations by July 2017.
Today solar energy has established itself as one of the most non-conventional energy resources to steadily replace conventional energy sources such as the hydro electricity and thermal power, as the production of conventional energy is not likely to meet the future electricity demand of the world.
The Southern India Mills Association (SIMA) has urged Edapadi Palaniswami, the Chief minister of Tamil Nadu to remove 1 per cent Agricultural Market Committee Cess on cotton and cotton waste for the state budget of 2017-18.