MARKET & ECONOMY
At ITMA Asia + CITME 2021, Santex Rimar will showcase fabric manufacturers’ favorites.
The worldwide market for bioplastic textile is forecasted to grow at a 12% compound annual growth rate (CAGR) over the next decade, according to a FACT MR study.
Kusumgar Corporates, in collaboration with Veermata Jijabai Technological Institute (VJTI), Mumbai, conducted the final round of Innotex recently to award the best minds in technical textiles in the country.
Grasim Industries Ltd, a flagship company of the Aditya Birla Group, recently collaborated with Taiwanese nonwoven manufacturing firm Nanliu Enterprise Co Ltd to donate 50,000 masks in Nagda, Madhya Pradesh.
According to A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), India’s merchandise exports are going to touch $400 billion this fiscal year.
Freudenberg Performance Materials has completed the Global Recycled Standard (GRS) certification process for its shoe components manufactured in Asia. All Freudenberg Far Eastern Spunweb sites were certified by Control Union Certifications.
AUTEFA presentations at ITMA Asia will be based on topics like higher productivity, industry 4.0 compatible solutions, and sustainability. The latest machines from other business units will be featured later.
Indo Count Industries Ltd (ICIL), one of India’s largest home textile manufacturers, has recorded 600% increase in PAT in Q4 FY21 to Rs 580 million from Rs 80 million in Q4 FY20. PAT was up 241% in 2020-21 to Rs 2490 million from Rs 730 million in 2019-20.
According to a report, the workers in Tamil Nadu are trapped in forced labour conditions in the spinning mills that produce fabrics and yarn for international markets like Europe and the USA.