MARKET & ECONOMY
The Bangladesh garment and textile exporters have been struggling with the second COVID wave and have requested the government to allocate a financial package to help them pay wages and festive allowances to workers.
Fineotex Chemical, India’s leading textile chemical manufacturer, has registered a considerable growth year-on-year for both the Q4 results and the consolidated year-ending results for 2021, despite the pandemic.
The Department of Handicrafts and Handloom in Kashmir is in the process of shortlisting a social media agency. The agency will aid artisans by managing the marketing and publicity of their authentic and genuine products.
The new MAX Technology includes 3D print capabilities for endless graphic decorations in a single, waste-free process. Kornit also announced two other products named Kornit Atlas MAX and ActiveLoad Automation technology.
The domestic order is worth Rs 3.45 billion. Meera Industries will deliver three sets of its newly launched Tape Drive CT-260 Twister or Cabler machines for BCF carpet yarn manufacturing space to Dodhia Synthetics.
COVID-19 has severely affected the garment industry, with exports dropping and 20% of people losing their jobs. AEPC has requested the government for an essential service tag that will free them from lockdowns.
The proposed world-scale polymer plant will produce 300 metric tons of PET (polyethylene terephthalate) per day for low-viscosity applications. The PET melt will further be processed into PET Chips and pre-oriented yarn.
LYCRA and ITOCHU will jointly produce the textile waste versions of COOLMAX and THERMOLITE. The EcoMade fibres will be made of textile waste transformed into fibres through a unique depolymerisation and refining process.
GCCI members and other textile traders have requested the CM to announce a seven-day lockdown to break the chain and control the second COVID wave better. Gujarat CM appreciates their efforts.