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Vijay Textiles’ revenue rise 66% in Q1FY18
The net profit of Vijay Textiles jumped 245 per cent to Rs 1.72 crore in the first quarter of fiscal 2018 as against Rs 0.49 crore in the first quarter of fiscal 2017.
UP to bring Gujarat-like Khadi policy next year
The Uttar Pradesh Government will bring a new policy to promote Khadi on the lines of Gujarat and is likely to be implemented from next year, Minister for Khadi and Gramodyog Satyadev Pachauri said.
Era of automated sewing dawns
Moving a step ahead in the field of Artificial Intelligence and Automation , the USA based ace sportswear company – Adidas brought a revolutionary automated machine – SEWBOT which will manufacture 800,000 shirts per day.
Production crisis still plagues US mills
Despite being one of the world’s largest textile and apparel markets, the US domestic textile production is still struggling to recover from previous declines from 2008 to 2009, according to a report from the US Congressional Research Service.
2 industrial parks to hum soon in Ethiopia
Mekele and Kombolcha industrial parks in Ethiopia will become operational soon. The Ethiopian Investment Commission (EIC) has replicated the plan of Hawassa industrial park in these new parks.
AFFOA sets up headquarters near MIT
The Advanced Functional Fabrics of America (AFFOA) has opened new headquarters close to MIT campus, an initiative that represents significant MIT investment in advanced manufacturing innovation.
Seminar on sustainable textiles in Vietnam
The Vietnam Textile and Apparel Association (VITAS) together with the Korea Institute of Industrial Technology (KITECH) will host a seminar on sustainable textile industry on July 13, 2017.
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