MARKET & ECONOMY​

Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Prime Minister and Union Textile Minister for including textile industry and allocating budget for improving manufacturing capabilities and boosting exports.

No other time in history has the spotlight shined so much on textiles for its role in saving lives than at the present times. Textile materials’ capability to filter and destabilise SARS-CoV-2 is attracting a lot of attention, as well as sustainable fibres like cotton for many advanced applications.

Elgi Equipments, a manufacturer of air compressors, announced the results for the quarter and half year ended September 30, 2020. PAT for the quarter was Rs 33.2 crore compared to Rs 11.7 crore in the same period in 2019-2020 on a consolidated basis.

Ruizhe Sun, President of the China National Textile and Apparel Council (CNTAC), was unanimously elected as the new President of the Federation (for his detailed CV see the ITMF-website).

A significant event in the textile trade calendars, the 2021 edition will be held alongside yet another premier fair for screen, textile, sublimation and digital printing technologies – Screen Print India thus bringing the entire textile value chain together for business through their new hybrid format.

Datatex is proud to begin a collaboration with the new customer LLC Afrasiab Jeans Textile, in Uzbekistan. LLC Afrasiab Jeans Textile, part of the big Siyob Group, is the first jeans manufacturer in central Asia to import and export its product in the world.

The index of orders intake for textile machinery, as compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period ranging from July to September 2020, decreased by 26 per cent compared to the same period in 2019. The index value was attested at 72.4 points (2015 basis = 100).