MARKET & ECONOMY
Uttar Pradesh Government is likely to sign an agreement with textile major Raymonds to supply indigenous fabric for modern retail.
As part of its growth strategy, the KARL MAYER Group has concluded an agreement to acquire the STOLL Group.
Pham Xuan Hong, president of Ho Chi Minh City’s textile association, recently urged Vietnam’s textile industry to source raw materials from Malaysia and India while the coronavirus storm gets over in China.
A village in the deep south of India starts manufacturing nonwoven shopping bags as part of “self-help†effort. Azhvarthirunagari, a village on the southeastern border of India, about 30 km from seashore is using nonwoven fabrics to manufacture multiple use shopping bags.
The Government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
It has been a month since the information about the new strain of coronavirus became public. Front pages of broadsheet newspapers and television screens have glaring images of facemasks worn by people in China.
The National Institute of Technology, Warangal, (NITW) and Prime Textiles, Warangal, inked a Memorandum of Understanding (MoU) for educational and scientific research as part of IMPRINT project titled ‘Development and Demonstration of Pilot-scale Hybrid Waste Water Treatment System with Hydrodynamic Cavitation and Biosurfactant for Recycling Textile Effluent’ sanctioned to Chemical Engineering Department, NIT Warangal.
The Central government would address all issues in its new National Textile Policy, which is likely to be announced in a couple of months, Union Textile Secretary Ravi Capoor has said.
The renowned tradeshow on garment textile machinery ‘Gartex Texprocess India’, which is held annually in New Delhi, is all set to mark its launch in Mumbai in March 2020 owing to the demand generated by garment and textile manufacturing industry in Indian and overseas markets.