With an exhibition area of more than 1,00,000 sq m, ShanghaiTex 2017 expects the participation of over 1,200 exhibitors and over 50,000 professional buyers.

For the first time ever in Iran, Switzerland’s textile machinery manufacturers exhibited in their own pavilion at the recent Irantex show, under the umbrella of their representative body the Swiss Textile Machinery Association (Swissmem).

Textile and apparel major Raymond Ltd reported over two-fold rise in its consolidated profit after tax (PAT) at Rs 60 crore for the second quarter ended September 30.

The State Industries Department of Bihar has signed an MoU with the National Handloom Development Corporation (NHDC) to provide yarn on credit to weavers for 45 days. Bihar, in fact, became the first State in the country to sign such an agreement with NHDC and the State Industries Department has created a corpus of Rs 1 crore for this scheme.

Stahl, a leading company in process chemicals for leather products, performance coatings, and polymers, has announced that the company has achieved the bluesign system partner status.

The 18th international exhibition on the textile industry – ShanghaiTex 2017 – to be held during November 27-30, 2017 in Pudong, will highlight the latest textile technology and high-growth application sectors, etc.

In the GST regime, countervailing duty has been replaced with IGST and the special additional duty has been scrapped. Polyester attracted 10 per cent basic customs duty, 12.5 per cent CVD and 4 per cent special additional duty in pre-GST regime.

Entrepreneurs are foraying into the manufacturing of semi-stitched garments, which are in huge demand in key consumer centres across the country like Delhi, Punjab, Haryana, West Bengal, Tamil Nadu, Maharashtra and even abroad.

Invista has entered into a definitive agreement with China-based Shandong Ruyi Investment Holding to sell its apparel and advanced textiles business, one of Invista’s four major business units. Invista, which has operations in Delaware is part of Wichita, KS-based Koch Industries. Financials were not disclosed.