In his inaugural speech, at the 56th Annual General Meeting of the Textile Machinery Manufacturers’ Association (India) at Hotel Trident in Mumbai, R Rajendran, Chairman of TMMA, said that the Indian economy in 2015-16 was the shining example of one of the fastest growing economies and oasis of the world in the wake of global slowdown fueled by fall in oil and commodity prices. The GDP grew at 7.6 per cent in 2015-16, continued till date, the highest in last five years as against 7.2 per cent clocked in 2014-15. There was macroeconomic stability and prudent fiscal management. The fiscal deficit target of 3.9 per cent has been met and a fiscal deficit target of 3.5 per cent has been set.
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Dr G Ramakrishnan, Senior Associate Professor, Department of Fashion Technology has been awarded Dr Radhakrishnan Award for the year 2015-2016 on the eve of ‘Teachers Day’ celebrations held at Kumaraguru College of Technology on September 3, 2016. Dr G Ramakrishnan has more than 30 years of experience that includes 12 years in industry and 18 years in academics. He was the recipient of Gold Medal for securing First Rank in Anna University PG Degree Examinations in 2004. In 2010, he completed his Doctoral degree (Ph D in Textile Technology) from Anna University, Chennai.
Retail Employees Day celebration on December 12 and TRRAIN Retail Awards for customer service excellence. In the last five years, it has created livelihood for more than 2,000 disabled youth and skilled more than 10,000 youth in retail. BS Nagesh, Founder, TRRAIN, has been involved in Shoppers Stop and its group companies since its inceptions in 1991 as the first employee. He is currently the Vice Chairman and Non-Executive Director of Shoppers Stop Limited.
Dr Shashi Kiran Shetty, Chairman, Allcargo Logistics, was bestowed with the Indian Maritime Businessman of the Year 2016 award at the Gateway awards held on August 12, 2016 at The Leela, Mumbai. Allcargo Logistics was also the proud recipient of the Container Freight Station (CFS) of the Year award for the second consecutive year at the award ceremony.
The world technical textiles market has been growing at a rate of 5 to 7 per cent since 2010, when its size was $116.5 billion, which rose to $147 billion in 2014. This is expected to reach $198 billion by 2020, disclosed Hendrik H van Delden, Managing Partner, Gherzi van Delden GmbH. The size of the production in these years were 22.5 million tonnes in 2010 and 28.4 million tonnes in 2014, which is expected to touch 38.2 million tonnes by 2020.
The Government hinted at lowering excise duty on man-made fibre (MMF) in the new Textile Policy in order to boost investment to meet growing demand from the synthetic textiles industry. While cotton fibre attracts no duty, the Government levies 10 per cent excise duty on MMF. The industry has sought excise exemption on MMF on the grounds that the garments produced through MMF are primarily used by the economically weaker sections of society. Kavita Gupta, Textile Commissioner, Ministry of Textiles, confirmed it on the sidelines of FICCI TAG 2016  the 8th Annual Conference on Textile and Apparel Industry organised by industry body FICCI on September 2 at Hotel Lalit, Mumbai.
Almost all manufacturers have a sampler, which is round and hence it requires a lot of skill to operate. A sampler is required to achieve identical results. Further, the sensor in the main instrument used is a wide sensor, i.e., 3 mm sensor. This also leads to lot of inaccuracies. Keisokki decided to eliminate the problems and developed a new instrument. The company introduced its computer technology-based Classifiber with: