MARKET & ECONOMY
The onus for fall in the last three years could be attributed to demonetisation and the implementation of GST which have disrupted market sentiment and overall growth and the market has not yet recovered from their effects.
Ikea is taking another step to be more environmentally conscious. Currently, the company announced plans to use only recycled polyester in textile products, rather than making new polyester each time, by 2020.
Moving closer to the sustainable goals it set in 2018, Gap Inc. announced a new water-saving initiative with its sourcing partner Arvind. Included in the San Francisco apparel retailer’s plan was the conservation of more than 2.5 billion gallons of water by the end of 2020.
Maharashtra Industry Minister Subhash Desai announced that the second textile park will come up at Malegaon on the lines of the one in Amravati city.
A Rs 200 crore zero-waste textile processing park, which would be a boon to the textile industry in Tamil Nadu to get rid of effluent, is to come up at Kariapatti in Virudhunagar district on the border with Madurai.
On July 1, 2019, Bluesign published threshold limits for chemical substances in finished chemical products like auxiliaries or dyes as the bluesign SYSTEM BLACK LIMITS (BSBL).
Wellgro United in collaboration with Jayalakshmi Textiles, Aruppukottai-based company from Tamil Nadu in India has released indigenously developed biodegradable oil sorbent and industrial high-tech wipe.
On July 1, 2019, Bluesign will publish threshold limits for chemical substances in finished chemical products like auxiliaries or dyes as the bluesign SYSTEM BLACK LIMITS (BSBL).
Having set new benchmarks in the world of Textiles, power brand ‘GRADO from The House of GBTL and OCM’ has charmed the premium fabrics segment with its speciality of amalgamating modern technology with the tradition of making fabric.