MIP Inc, a global leader in reusable healthcare textile industry, was launched in India on December 13, 2019 by Tor Lund, President and CEO of MIP Inc, and Bollywood actor Ameesha Patel in presence of top doctors, healthcare professionals and policy makers.

With the foray of the Italian heritage brand – Moda Biella – into the Indian market last month, the brand is set to create a new benchmark in menswear fabrics; with its luxurious and innovative collection.

Carvico is set to present its lifestyle collection of fabrics for interior design at Heimtextil 2020 expo. Carvico is a global leader in the production of warp-knitted fabrics.

Maharashtra has started disbursing power subsidy of up to Rs 3.77 per unit to powerlooms, spinning mills and garment units.

The European Securities and Markets Authority (ESMA) has announced the first ESMA Academy course about digital printing for textile applications in cooperation with the German Institutes of Textiles and Fiber Research.

The government said the new Textiles Policy 2020 being formulated by the Centre is aimed at developing in the country a competitive textile sector which is modern, sustainable and inclusive.

The United Nations Industrial Development Organisation (UNIDO) has announced 80 per cent grants in the 10 clusters including the Surat textile cluster,

Stephanie Coßmann, currently head of the Human Resources group function, has been appointed by the Supervisory Board to become member of the Board of Management and Labor Director.

The Minister for Micro, Small and Medium Enterprises and Road Transport & Highways, Nitin Gadkari has approved the changes in the Interest Subvention Scheme for MSMEs, in a meeting held on December 16, 2019 to review the functioning of the scheme. The improvements are set to provide momentum giving fillip to the MSME sector.