MARKET & ECONOMY
Lenzing is set to build a 500,000 ton dissolving wood pulp plant in the State of Minas Gerais, near Sao Paulo, Brazil, in the first half of 2022.
During Heimtextil, Italian Trade Agency and ACIMIT will be present with a service centre designed to assist Italian manufacturers and provide information on Italian supply to expected visitors.
Three-day programme from December 19-21, 2019, commencing with B2B meetings for exclusive delegation of women entrepreneurs from four African nations looking at sourcing India, kick-started the celebrations for India ITME Society.
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.