The Kakatiya Mega Textile Park (KMTP), in Sangem Mandal, trusts the Centre’s Mega Integrated Textile Region and Apparel (MITRA) Park scheme.

FEINJERSEY, the Austrian textile producer, and BRÃœCKNER, the German textile machinery manufacturer, have a long-standing partnership. They both develop and produce in Austria and Germany.

As the centre has announced new rates under the Rebate on Duties and Taxes on Export Products (RoDTEP), the textile exporters are expecting that the order volumes will experience a boost.

Bangladesh industry leaders are tensed over the government’s permit of yarn imports through all land ports across the country and partial imports of the readymade garment industry’s key material.

According to the report, the home textile exporters are going to show growth at a rate of around 20-25% in 2021-22 with healthy margins.

Cosmo Speciality Chemicals has come up with a clay-based sourcing agent, Eco Clay, for the textile industry. This agent is going to reduce the load on E.T.P up to 30%.

Archroma is a global leader in specialty chemicals towards sustainable solutions. The company has announced that it has appointed Thomas Bucher as its new Chief Financial Officer.

As per the reports, the chaos in Afghanistan due to the Taliban’s takeover has affected the textile hub of Surat. The exporters and brokers have claimed that a payment of Rs 4 billion is stuck due to the unrest.

According to the rating agency, cotton-based textile products emerge as a clear winner with additional incentives of Rs 750-850 crore in the new rates of rebate under RoDTEP.