Global acrylic fibre market is projected to reach a CAGR of 3.6 per cent over 2016 to 2026. Acrylic fibres possess good aesthetic properties owing to their capability to accept multi-color dyes in clear, bright and muted tones.

The Indian Government has approved the Amended Technology Upgradation Fund Scheme (ATUFS) in place of Revised Restructured Technology Upgradation Fund Scheme (RRTUFS) with a one-time capital subsidy for eligible bench-marked machinery for a period of seven years from 2015-16 to 2021-22.

From January 2017, all units in India across the textile value chain, except handloom, khadi and jute, will have to register online and provide data on production.

Dr KV Srinivasan, Managing Director, Premier Mills Pvt Ltd, Coimbatore was elected as the Chairman of the Council of Administration. Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works Ltd, Coimbatore was elected as Vice-Chairman of the Council of Administration.

SPGPrints B.V. and Stovec Industries Limited (Stovec) have revealed sales of several inkjet and rotary screen printing machines during ITME 2016.

Seiko Epson Corporation, a pioneer of digital textile printing, has announced two new innovation hubs, which will join Epson’s established Textile Solution Center in Como, Italy.

SITRA, at its recently-held Annual General Body Meeting that was held on September 30, 2016, reconstituted its governing body – The Council of Administration. Dr KV Srinivasan, Managing Director, Premier Mills Pvt Ltd, Coimbatore was elected as the Chairman of the Council of Administration. Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works Ltd, Coimbatore was elected as Vice-Chairman of the Council of Administration.

Surat-based textile manufacturer, Laxmipati Sarees, Siddhi Vinayak Knots & Prints Pvt Ltd is one of the leading manufacturers in polyester saree and women dress material in India. Sanjay Sarawagi, its Director, places great value on high-quality products.

Lenzing Group, a leader in high-quality, botanic cellulose fibres and dissolving pulp to standard and speciality cellulose fibres, will be investing in a new Tencel fibre plant in the US, with the aim to increase the share of speciality fibres as a percentage of revenue to 50 per cent by 2020.