Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually.
Browsing: Industry Update
During the first nine months of the current year, Indian apparel exports have declined by (-) 0.08 per cent to $2,876.59 million as compared to $2,878.79 million in the corresponding period last year. I
Kenya plans to revive its cotton industry, a major foreign-exchange earner until the 1980s, amid strong demand for lint from domestic mills and the potential to supply manufacturers exporting clothing and textiles to the U.S. under a preferential trade deal.
The European Union is likely to clinch a textile protocol with Uzbekistan only if it is satisfied Uzbekistan has made progress in scaling back the use of child labour. The EU wants the practice of forced labour and child labour to be eradicated from the national to the local levels.
Novibra, the leading company in spindle technology and the biggest exporter of spindles worldwide, will present several innovative solutions for spinning mills at ITME in Mumbai.
The Siemens’ Simatic ET 200SP motor starter protects electric motors and loads. Siemens has designed it for higher performance, and added new versions and functions.
Cotton yarn exports in India declined by 11.58 per cent in terms of value and 4.44 per cent in terms of volume during April – June this year compared to the same period last year. Cotton yarn exports to China, being the major consumer has declined.