MARKET & ECONOMY
Rieter posted an order intake of CHF 975.3 million, which corresponds to an increase of 289% compared to the previous year period (first half of 2020: CHF 250.7 million).
India’s leading show for screen, textile, sublimation and digital printing industry, Screen Print India New Delhi has been moved to December 2021 and will take place alongside Gartex Texprocess India, while the Mumbai edition will be held in April 2022.
Rieter posted an order intake of CHF 975.3 million, which corresponds to an increase of 289% compared to the previous year period (first half of 2020: CHF 250.7 million).
German firm Pulcra Chemicals has acquired its fellow-industry player Devan Chemicals.
Garment Mantra Lifestyle Limited (GMLL) is opening its 11th store in Neyveli Lignite Power Plant Township in Tamil Nadu. The store is believed to be operational in the coming 30-45 days.
Visitors to Techtextil North America 2021 (to be held from August 23-25) will get a chance to witness Stäubli’s latest technology offfering for technical textiles.
The Union Cabinet, chaired by the Prime Minister, on July 14, 2021, gave its approval for continuation of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme with the same rates till March 31, 2024 for the exports of apparel garments and made-ups.
Igyne Fashion – Indian producer of kurtis, western and semi western tops, as well as other typical Indian traditional garments – has launched its first kurtis with Polygiene ViralOff antimicrobial technology.
The vision to develop a policy for channelling the growth across all parts & parcels of textiles & apparels is the need of the hour. I am sure Mr Piyush Ji with your strategic approach & global vision we will see the industry soar higher & higher, says Avinash Mayekar, MD & CEO, Suvin Advisors.