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 Bangladesh Textile Mills Corporation (BTMC) is looking at reopening six closed textile mills with Chinese help. The six textile mills owning a total of 153 acres of land are: Ahmed Bawani Textile Mills in Demra, Quaderia Textile Mills in Gazipur, Dinajpur Textiles Mills in Dinajpur, Dost Textiles Mills in Feni, Tangail Cotton Mills in Tangail and RR Textile Mills in Chittagong.

Fong’s, Monforts Fong’s, Xorella, THEN, Goller, FWT and Monforts are the leading brands under CHTC FONG’s Industries, and also the renowned labels in the global textile industry. The CHTC FONG’s Group is proud to present the ‘one-stop’ sustainable solution in dyeing and finishing range of pre-treatment, dyeing, post-treatment and waste water treatment at ITMA ASIA+CITME 2016 in Hall 6, C01, National Exhibition and Conventional Center, Shanghai, China from October 21-25.

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.

EU clothing imports from China dropped by a considerable volume of 9.9 per cent in the first three months of this year compared to that of last year, reveals Textiles Intelligence in a recent report. This drop follows a 12.5 per cent decline in the whole of 2015, which dragged imports down to the lowest level since 2006. The decline in both periods represented the steepest falls among EU’s 10 largest clothing suppliers. As a result, China’s share of EU clothing imports from all sources declined in both periods from 43.3 per cent in 2014 to just 35.1 per cent in the first three months of 2016.

In September 2016, the building works for the new production site of the German textile machinery producer BRÃœCKNER have begun. The company will invest 40 million Euro in estate, buildings and machinery. The completion is planned for the end of 2017. Since 1960, the production site of the German producer of textile machinery BRÃœCKNER is located in the Bavarian town Tittmoning. With about 180 employees and workers at this site, the company produces every year about 120 machines and lines 95 per cent of which are exported all around the globe.

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.

China will account for the fastest growing and second-largest share of demand through 2020 and beyond as its medical delivery system is expanded and upgraded to better serve its massive population. These and other trends are presented in World Medical Disposables, a new study from The Freedonia Group, a Cleveland-based industry research firm. Western Europe will remain the third-largest major market for medical disposables, reflecting the operation of a universal health insurance plan and an advanced medical delivery system in most countries. On the downside, growth prospects for medical disposables in the region will slow due to tight cost controls such as budgeting and fixed reimbursement rates.

In India, the textile industry is the second largest sector, next only to agriculture in terms of its contribution to income (GDP) and employment of the nation. For centuries, it is evolving in process of production, varieties and quality of products and technological progress and cost effectiveness. From the stage of raw cotton to final products, the industry have processes like ginning, spinning, weaving, dyeing and processing and garmenting.