The Indian Government has signed Memoranda of Understanding (MoUs) worth Rs 8,835 crore in textile sector at the Vibrant Gujarat Summit. The MoUs include various segments such as textile parks, textile processing, machinery and carpet development, according to the Textiles Ministry.

As production in spinning mills has come to a grinding halt since demonetisation, sales of yarn in western Tamil Nadu have plummeted. As a consequence, yarn stocks are piled up in city mills most of which rely on migrant labourers who have stopped work.

Unifi Inc continues to expand its global footprint of REPREVE® recycled fibre by entering into Vietnam with support from Century Synthetic fibre Corp, now a licensed manufacturer of Repreve.

Oeko-Tex has reviewed the requirements of its products and published its new regulations. A large number of new changes will be made to Made In Green, MySTeP, STeP, and Standard 100.

The retail industry in the USA is already taking a major hit this year, with several retailers announcing massive closures and layoffs within the first few week of the year.

Indian textile printing solutions giant, DCC Group launched its first international flagship ‘Xperience Zone’ showroom and training facility in Dhaka, Bangladesh on November 28, 2016.

An Italian textile machinery delegation will be on hand at the upcoming multi-industry Addis Chamber International Trade Fair (ACITF), to be held in Addis Ababa from February 23 to March 1, 2017.

CRISIL’s nationwide survey of micro, small and medium enterprises (MSMEs) shows a substantial shift away from cash transactions following the government’s move to demonetise bank notes of Rs 500 and Rs 1,000 denomination recently.

The International Cotton Advisotry Committee (ICAC) Secretariat forecasts that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.