MARKET & ECONOMY​

Mahlo and its agency Toyo Machinery will participate in the Converting Technology Exhibition (Convertech), to be held from January 30 to February 1, 2019, in Tokyo, Japan, in booth 3L-14, in East Hall 3.

Bangladesh has the scope to invest a fresh Tk 50,000 crore in the primary textile sector (PTS) over the next five years as the demand for locally made fabrics has been rising in both the domestic and international markets.

Telangana has allotted Rs 500 crore for modernisation of powerlooms in the textile town of Sircilla to boost the textile industry and weavers in the region, State Handlooms and Textiles Joint Director Purnachandra Rao said inaugurating a four-day buyer-seller meet in Hyderabad organised by the State Textile Ministry recently.

Kochi-based Kitex Garments Limited, currently the third largest infant apparel manufacturer in the world, is on track to raise production capacity by over 3.5 times to produce 22 lakh pieces per day by 2025 from the current six lakh pieces of finished garments per day for new-born and babies up to two years.