MARKET & ECONOMY
The pandemic has clearly taught us to consume consciously. At present productivity and enhanced manufacturing is the goal for all industries. The manufacturing industry gives rise to lots of direct and indirect opportunities.
National Institute of Fashion Technology (NIFT) is working towards introducing technical textiles as an academic subject in the near future.
In 2020 alone, Asia Pacific accounted for 51 per cent of the global textile market, making it the largest region. India is the second-largest manufacturer and exporter of textile and clothing in the world, with a 5 per cent share of global trade.
Our history is a guiding force that we can achieve the target of making India a global hub for textiles and apparels. Our recent accomplishment of venturing into medical textile as a new entrant and dominating the segment gives us the confidence to become world leaders.
Being a large manufacturer and exporter, the Indian textile industry has consistently been looked forward to – in terms of product, manufacturing processes and channels of sale.
The pandemic has brought about major changes across the globe. This health crisis has affected all across, manufacturing and textiles included. Volatility has become a synonym for market. However, there is a bright side to every challenge.
BendShape Mask is proud to announce the launch of the industry’s first transparent, sealed surgical mask that meets the full ASTM level 3 standard called Quartz ASTM3 Disposable Surgical Mask.
India’s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in Sabyasachi brand.
An unanticipated outcome of COVID-19 has been India becoming an alternative to China for buyers worldwide in the global textile supply chain. But can India take the lead and seize the opportunity?