Intertextile Shanghai Apparel Fabrics – Autumn Edition 2016 wrapped up very recently with participants praising the quality and internationality of the fair’s 22nd edition.
Browsing: Industry Update
Hall of Fame roadshow, an initiative by Danfoss India, a Danish company that engineers technologies for a better tomorrow, was held in Mumbai recently.
Rising cost of doing business over last several years has not only stalled fresh investment in the textile industry but also hampered the export growth and turn over.
To grab the market share vacated by Chinese apparel manufacturers, India’s Clothing Manufacturers’ Association of India (CMAI) has signed a memorandum of understanding with China Chamber of Commerce for Import and Export of Textiles (CCCT) to explore potential areas of mutual co-operation for increasing apparel exports from India.
Cotton consumption this year will be the highest in six years. Total global consumption will be about 112 million bales (480 lbs each).
India jumped 16 places for the second year in a row to the 39th rank on the World Economic Forum’s (WEF) Global Competitiveness Index 2016-17.
Asian Development Bank has retained its projections for India’s economic growth at 7.4 per cent for the current financial year, 0.2 percentage points lower than what was clocked in 2015-16.