MARKET & ECONOMY
The Textiles Ministry is bringing to form a structure under which the Production Linked Incentive (PLI) Scheme for technical textiles and manmade fibre (MMF) segment will roll out, Union Cabinet Minister, Smriti Irani said at an ASSOCHAM Foundation Week Programme recently.
Xefco, in collaboration with Swiss textile innovator HeiQ, launches XViroblock, the world’s first thin-film antimicrobial copper surface treatment for textiles that exhibit significant viricidal activity against SARS-CoV-2 after only five minutes.
The Ind-Ra report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres (MMF), yarns and fabric with a focus on commodity prices, imports/exports, production and recent rating actions.
The Intertextile Shanghai Apparel Fabrics show to be held 10 to 12 March, 2021, at the National Exhibition and Convention Centre, in Shanghai, China, will continue to adopt a hybrid format with online platforms complementing the physical fair.
With the aim to develop the Kadapa district into an industrial zone, Y S Jagan Mohan Reddy, Chief Minister, Andhra Pradesh, laid the foundation stone for a footwear manufacturing unit worth Rs 70 crore by Apache Intelligent SEZ.
The US Cotton Trust Protocol recently welcomed first 10 US cotton textile manufacturers – Buhler Quality Yarns, Cap Yarns, CCW, Contempora Fabrics, Cotswold Industries, Frontier Yarns, Hamrick Mills, Inman Mills, Parkdale, Swisstex Direct as members.
The readymade garment manufacturers and exporters of Tiruppur received an invitation from OS Manian, Minister of Handlooms and Textile, government of Tamil Nadu, to invest in the new Veda Textile Park.
The National Cotton Council of America looks forward to working again with US Agriculture Secretary appointee Tom Vilsack on matters ranging from sustainable, climate smart agriculture to international trade opportunities and the farm safety net.
Higher in-home consumption due to increased stay-at-home period and a sharper focus on health and hygiene amid the pandemic are helping Indian home textile exporters weave their way out of the downturn faster than other textiles segments.