The UK has launched a programme to support its textile sector. The programme is aimed at businesses within the textiles sector and covers manufacturers from carpets to clothing, as well as industry suppliers, such as textile machinery manufacturers and designers.
Browsing: Industry Update
Smart textiles are creating a fourth industrial revolution for the textiles and fashion industry worth over $130 billion by 2025, according to the recent report from technology consultancy Cientifica.
Textile Commissioner, Dr Kavita Gupta, set the tone for the 6th Annual General Meeting and the Knowledge Sharing Session of the Indian Technical Textile Association, held at the Mumbai Cricket Association, Bandra-Kurla Complex in Mumbai recently.
Despite rising labour costs, RMB appreciation and lower demand from export markets, China’s textile and apparel industry are still growing at a healthy pace and looks to dominate the global apparel sector, both as a producer and a consumer for years to come.
China is now the second largest jeans market in the world, valued at $12 billion in 2015, while consumers’ affinity for denim jumped from 39 per cent to 63 per cent from 2003 to 2016, according to the Cotton Council International (CCI) and Cotton Incorporated’s 2016 Global Lifestyle Monitor Survey.
India’s merchandise exports fell for the second consecutive month in August, going down by a marginal 0.30 per cent.
The Danfoss Group can now call itself the world leader in hydraulic motors after closing its bid to acquire US-based White Drive Products Inc