MARKET & ECONOMY
In developing countries like Brazil, Bangladesh, India, China, Pakistan, and Turkey, the global textiles market is estimated at around $1.4 trillion. It employs around 300 million people.
CRISIL Ltd launched its environmental, social and governance (ESG) scores for 225 companies across 18 sectors in India, in line with its mission of making markets function better.
The Principal Bench of the National Green Tribunal (NGT) has come down heavily on the State Pollution Control Board (SPCB) for lack of action on violators of water pollution.
The Cotton Association of India (CAI) has written a letter to the Union Finance Minister Nirmala Sitharaman for the withdrawal of 10% customs duty imposed on cotton imports on February 2, 2021.
The Indian Railways has taken an initiative where materials like fabrics, goods, and yarn from Ludhiana’s textile garment companies can be exported directly to Bangladesh via trains.
Leading UK retailer Tesco has become a Trust Protocol member as they work towards 100% sustainable cotton by 2025
International technology group ANDRITZ will present its innovative nonwovens production and textile solutions at ANEX/SINCE 2021 in Shanghai, China, from July 22 to 24, 2021.
Noida is known as the City of Apparel. As per reports, the garment exporters and manufactures will expand in the Gautam Budh Nagar. A 150-acre land is being developed in the Sector 29 area of Yeida.
A slew of measures by the government as part of Rs 6.29 lakh crore economic package may give an impetus to growth and address severe cash flow crunch faced by businesses due to the second wave of the Covid pandemic.