MARKET & ECONOMY
Greyweave, India’s leading handmade carpets and rugs brand, is all geared up to invest Rs 7.5 million for the firm’s offline expansion plan.
Sanjay Garg, President NITMA , welcomed the proposal of Union Budget 2021-22 as the grant to textile and clothing sector is budgeted at Rs 3,631.64 crore which is about 10 per cent higher than previous year’s revised budget of Rs 3,300 crores in 2020-21.
International technology Group ANDRITZ has received an order from Lotus Teknik A.S., Turkey, to supply a neXline wetlace CP (carded pulp) line for the production of biodegradable, plastic-free wet wipes. The line is scheduled for start-up by the end of 2021.
Archroma, a global leader in specialty chemicals towards sustainable solutions, today announced a strategic partnership with technology innovator CleanKore, aiming to advance sustainable dyeing processes throughout the denim supply chain.
Sanjay Garg, president, North Indian Textile Mills’ Association, hailed the recommendation of DGTR to levy anti-dumping duty on viscose spun yarn. Garg also urged to levy anti-dumping duty on polyester spun yarn.
Hyosung Introduces its expanded Regen sustainability offering featuring 100 per cent recycled, multi-function fibres at ISPO Munich online.
The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.
The pandemic has changed the lives of many and brought its share of uncertainties. Leo Shastri shares the influence it has had on the traditional weaving sector and provides suggestions for revival.
Anuj Bhagwati, Head of A.T.E. Group emphasises the importance of safety and sustainability in a post-pandemic world and shares thoughts on the need for sustainable development for a better future.