Browsing: Industry Update

The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.

Export of man-made fibre (MMF) yarns from India shot up by 35.9 per cent year-on-year basis by scaling a new peak at $20.76 million in June this year.

away from fashion stereotypes, real moments and real emotions are what life is all about! That is the message behind ‘Clothes for Humans’, the brand new United Colors of Benetton’s (UCB) product and marketing philosophy. Starting this summer, Clothes for Humans will be the unifying force behind three product lines, a global campaign, a brand new website and a series of in-store initiatives and materials, including the ‘magalog’, a hybrid between a magazine and a catalogue that will be distributed in Benetton stores worldwide.

Apparel Export Promotion Council (AEPC) has signed an MoU with the Tehran Garment Union (TGU), an influential manufacturers and retailers association with legislative power in terms of garment commercial affairs in Iran. The MoU signed during the recently-concluded 57th India International Garment Fair (IIGF) in New Delhi by Ashok G Rajani, Chairman, AEPC, and Mohamad Javad Sedghamiz, VP, TGU, will fuel efforts to promote bilateral trade and industrial cooperation in the textile and fashion sectors among Indian and Iranian partners.

The World Trade Organisation (WTO) has launched a new World Trade Outlook Indicator (WTOI) designed to provide ‘real-time’ information on trends in global trade. The WTOI was unveiled in Shanghai, China recently, ahead of a meeting of G20 trade ministers. Combining a variety of trade-related indices, WTOI is designed to give an early signal of the current direction of world trade and where it is likely to go in the near future.

Textile Effects Division of Huntsman Corporation has bagged the 2016 Dyestuff Manufacturers’ Association of India (DMAI) Awards 2016, in recognition of its “Excellent Performance in Exports of Dyestuffs by Large Scale unit”. Huntsman Textile Effects also won the award in the category for “Excellent Performance in Safety & Hazards Control by a Large Scale unit”.

HGH India 2016, the fifth annual edition of the trade show for home textiles, home décor, gifts and houseware, held recently at Bombay Exhibition Centre in Mumbai, had a 10 per cent rise in the number of trade visitors at 25,000, primarily retailers from 422 cities and towns covering all the States of India. The display in this trade show focused on home fashion trends for 2016-17. Over 450 leading Indian and international brands and manufacturers from 30 countries unveiled their innovations and new collections at HGH India 2016.