MARKET & ECONOMY
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BMSvision will be exhibiting at ITMA ASIA 2018 in Shanghai, focusing on Industry 4.0 and smart textile manufacturing.
Kyle Redinger, VP of Invista Intermediates, Asia Pacific, and 2017 Shanghai Magnolia Silver Award winner, has accepted a newly-created role dedicated to meeting China’s long-term needs for ADN through capital investments, asset development and commercial arrangements.
India’s leading technical textiles company, Garware-Wall Ropes (GWRL), announced change in corporate brand name and identity to Garware Technical Fibres Ltd (GTFL).
FICCI welcomes the increase in basic custom duty on several textile items. The move is very much in the direction to encourage domestic manufacturing.
Fulgar Lanka, founded in 2003 by Fulgar, is providing a benchmark for textile excellence at…
Andhra Pradesh has recently held a cabinet meeting to approve several policies and took decisions on projects on employment generation and agrarian crisis. The State Mega Seed Park Policy 2018
According to government sources, the Finance Ministry may soon issue a notification in this regard. If the government decides to notify the duty hikes this week, then it would have to be first tabled in Parliament.
The government is likely to hike import duty on about 300 textile products to boost domestic manufacturing and create employment opportunities. Foreign direct investment norms for the sector may also be relaxed.