MARKET & ECONOMY
Royal Enfield has partnered with Knox and Levi’s, and will offer women’s gear, to grow
their apparel line.
Soon after Sintex Industries, a popular textile and yarn manufacturer, disclosed in June 2019 about a Rs 900 million default on bonds, Invesco Asset Management (India) Pvt Ltd had filed a petition against the Gujarat-based firm.
While the global man-made fibre (MMF) garments trade stands at $ 200 billion, India exports only $1.6 billion of MMF garments.
Despite being the second-largest textile manufacturer in the world, India faces many challenges and competition, which can be resolved with central government incentives, structural reforms and lower import duty.
Though the pandemic and crackdown by the US and other western countries on Chinese enterprises, have not affected the exports of some firms in North Western Xinjiang, many companies are exploring the domestic market.
While India's textile & clothing (T&C) exports to European Union (EU-27)
declined by 20.8% in 2020 compared to 2019, exports of China to EU-27 increased by
whooping 46.9%
In the automatic winding process, splicing is the most important part. That is why Savio offers a wide range of splicing solutions that are optimised for different applications and requirements.
A new analysis from Texas Tech University’s Department of Environmental Toxicology suggests how much of a difference face coverings have made.
Mimaki Europe, a leading manufacturer of inkjet printers and cutting systems, today announces that it will exhibit its broad portfolio of cutting-edge digital print technologies at first ever virtual drupa (20-23 April 2021).