MARKET & ECONOMY
To boost exports, government has announced a scheme namely “Scheme for Remission of Duties and Taxes on Exported Products†(RoDTEP) to all export goods, including textiles and garments with effect from 1st January, 2021.
During April-December 2020, output of MMF declined by 18.2 per cent y-o-y to 1,319 thousand tonnes on a cumulative basis. The production had fallen sharply in the initial 3 months of FY21 due to COVID-19 induced lockdown restrictions.
Ministry of Textiles is contemplating a New Textile Policy. At present, New Textile Policy has not been finalised and it is at draft stage.
The Lenzing Group is enhancing sustainable offerings for the denim industry with TENCELâ„¢ branded modal fibres with Indigo Color technology. The pioneering Indigo Color technology behind this new market offering incorporates indigo pigment directly into TENCELâ„¢ branded modal fibres.
BRFL Textiles Private Limited (BTPL), home to India’s largest single-roof state-of-the-art fabric processing facility, has boosted production at its Tarapur plant from 100,000 meters per day to now 150,000 meters per day.
In light of the coronavirus pandemic and the increasing number of hospital infections around the world involving multidrug-resistant pathogens, antimicrobial textiles are coming back into focus.
Asia Pacific Rayon (APR) plans to increase its production capacity to 600,000 tonnes to meet the strong growth potential of viscose staple fibre (VSF) and strengthen its market position in Indonesia and regional export markets.
Known for its heritage and top notch fabrics, Italian luxury brand, Moda Biella is all set to launch its Summer 2021 collection.
The textile was produced on a TM 4-TS EL with double-sided fabric to ensure that the finished product is not only a must-have bathing accessory, but also a real eye-catcher.
Towels are not only useful for drying off, but they can also steal the show from bathing beauties.