Karl Mayer, Rabatex Industries and A.T.E. have signed a contract for setting up a joint venture. The legally independent company is called Karl Mayer Textile Machinery India Private Limited, has its registered office in Mumbai and production facility in Ahmedabad.

Strata Geosystems, a joint venture of Glen Raven, headquartered in Mumbai, and a leading specialist in the soil reinforcement industry, has opened a new state-of-the-art manufacturing facility in Daheli, Gujarat, recently, to meet the demand for geotechnical products in India and around the globe.

The Indian Technical Textile Association (ITTA) will be organising one day “national investors’ conclave on technical textiles (NICTT 2019)” jointly with Indian Texpreneurs Federation (ITF) on April 24, 2019 at The Residency Towers, Coimbatore.

The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.

Supply of paraxylene (PX) in Asia should gradually lengthen as a result of PX capacity expansion growth,driven by two large production units coming on stream in the key China market this year.

The Indian Technical Textile Association (ITTA) will be organising one day “national investors’ conclave on technical textiles (NICTT 2019)” jointly with Indian Texpreneurs Federation (ITF) on April 24, 2019 at The Residency Towers, Coimbatore.

Surat could play a pivotal role in VisionNXT, a trend forecasting initiative of the government to create an indigenous fashion forecasting service, textiles minister Smriti Irani said inaugurating the Rs 300-crore Karanj Textile Park in Mandvi taluka in south Gujarat recently. Entrepreneurs from Surat can immensely contribute to that initiative, she said.

SKF India announced the launch of its new and indigenous grease LNEP2IN. This grease is specially-formulated to increase the service life of bearings operating in demanding environments and will carry forward the SKF commitment for global quality and reliability across all geographies.

The Centre has marginally lowered the maximum sale price of Bt cotton seeds (BG-II) for a 450-gram packet to Rs 730 for the 2019-20 season.