India´s economic growth has been accelerating in recent years, although it is still below the 10 per cent rate achieved in fiscal year 2010-11. Under the newly-revised series of national accounts released in January 2015, real GDP growth was 6.9 per cent in 2013-14 and estimated to be around 7.4 per cent in 2014-15; these revised figures show a more positive trend and outlook than that based on the previous series.
Browsing: Spinning
On April 6, 2015, the inauguration ceremony of the Rieter Test & Training Centre was held at the DKTE Society´s Textile and Engineering Institute in Ichalkaranji, India. The Test & Training Centre has been developed in an exclusive cooperation with D.K.T.E. and highlights the latest Rieter J 20 air-jet spinning machine.
INDA, the Association of the Nonwoven Fabrics Industry, has announced the initial programme for the debut HYGIENIX, a premier event for the absorbent hygiene and personal care markets, which will be held between October 26-29 at the Renaissance Vinoy Resort in St. Petersburg, Florida.
The World Trade Organization (WTO) has launched a new website, which will serve as a focal point for members, donors, and others seeking information on the new Trade Facilitation Agreement Facility (TFAF).
The US market for textile chemicals is projected to surpass $2.6 billion by 2020. Presently, home textiles segment accounts for the largest share in the country´s textile chemicals market, followed by technical textiles and apparels.
Lower production costs, reduction of tariffs and competitive prices of raw materials are pushing Chinese companies to shift production to South-East Asia. According to a study by ANZ Bank economists that South-East Asia would take over from China to become the ?world?s factory? in the next 10-15 years.
One of the oldest textile businesses in India, Bombay Dyeing & Manufacturing Company, is selling the last of its textile manufacturing units, as competition from the unorganised sectors, growing imports from Taiwan, China and Bangladesh have rendered its factory nonviable.