MARKET & ECONOMY
As part of this renewal of decades old partnership, Konica Minolta would promote ColorJet digital textile printers through their global sales network.
International technology Group ANDRITZ has received an order from Pureko Sp. z o.o. to supply a needlepunch line for their plant in Myszków, Poland. The line will process recycling fibres from garment waste.
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
Stand space application for ITMA 2023 opened on 3 March, 2021. The world’s largest textile and garment technology exhibition, ITMA will be held at Fiera Milano Rho, Milan, from 8 to 14 June 2023.
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.