MARKET & ECONOMY
India’s cotton yarn and fabric exports are struggling because of the duty disadvantage faced by the Indian exporters in major markets, pointed out the Confederation of Indian Textile Industry (CITI).
Thai Acrylic Fibre Co, Ltd (TAF) and Kongkiat Textile Co Ltd have launched a new concept of fancy yarns with Radianza at recently held Premiere Vision (PV) fair in Paris from Feb 11–14, 2019.
Ghana recently launched a development partnership with Germany to build and sharpen vocational skills of managers and workers and drive the country’s apparel manufacturing sector.
The third edition of ITMACH India will be held from December 5-8, 2019, in Gandhinagar, Gujarat, the most important hub of textile manufacturing in the country.
Garware Technical Fibres has been awarded with ‘The Economic Times Polymers Awards 2019’ for V2 net in OPEN – Marine Application (SME) Category at an award ceremony held at Hotel Sahara Star, Mumbai recently.
The Cotton Egypt Association has announced a partnership with United Nations Industrial Development Organisation (UNIDO) under the framework of “The Egyptian Cottonâ„¢ Projectâ€Â
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved continuation of the Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS) beyond 12th Plan for three years from 2017-18 to 2019-20.
Haryana Cabinet approved to amend the Textile Policy 2018 (Textile Policy 2019). The policy aims to attract investment to the tune of Rs 5,000 crore and generate 50,000 new jobs.
The government will start ?trend forecasting? for textiles sector this month, using commercial intelligence to determine what could be in vogue in near future, as India gears up to influence global fashion trends.