The Tamil Nadu government is gearing up to launch new schemes to uplift the State’s textile sector, which: increasing free power to handloom from 100 units to units 200 units a month and from 500 units to 700 units a month for the powerlooms.

India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia. Exports dropped three per cent in 2015-16 and 17 per cent from April to June 2016. Exports of wool and woolen products stood at Rs 3,012 crore in 2015-16 compared to Rs 3,112 crore a year ago. The decline is 9.4 per cent in dollar terms for the period.

On August 15, JMBT Beteiligungen AG acquired 100 per cent of the share capital of Benninger AG from Benninger Holding AG. With this acquisition Jakob Müller AG is expanding its position in the textile finishing sector.

India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia.

Paving way for the introduction of fixed-term employment in the textile and apparels sector, the Labour Ministry has notified changes in the rules of the Industrial Dispute Act, 1947.

On August 15, JMBT Beteiligungen AG acquired 100 per cent of the share capital of Benninger AG from Benninger Holding AG. With this acquisition Jakob Müller AG is expanding its position in the textile finishing sector. As a result of its integration in the Jakob Müller Group, Benninger will benefit from the sound structures and common ground with regard to technology, production and sales and can therefore extend its operations.

Nigeria currently spends over $4 billion annually on importing textiles and readymade clothing, despite the Nigerian government?s initiatives to revive the textile sector in recent times, according to the Director General (DG) of Nigerian Textile Manufacturers Association (NTMA), Hamma Kwajaffa. Textiles is Nigeria?s second largest employer after the government.

Nigeria currently spends over $4 billion annually on importing textiles and readymade clothing, despite the Nigerian government?s initiatives to revive the textile sector in recent times, according to the Director General (DG) of Nigerian Textile Manufacturers Association (NTMA), Hamma Kwajaffa. Textiles is Nigeria?s second largest employer after the government.

With the the demand for denim products rising rapidly in global market, Bangladesh has set up five new denim taking the total to 30 in the recent times. Another five more companies are in the pipeline as the demand is for denim has been rapidly increasing in Europe, the huge market for denim. Initially Bangladeshi manufacturers used to produce denim products like trousers but now they also produce shirts, pillow covers, bed sheets, home textiles, table cloths and aprons.