MARKET & ECONOMY
Based on the mechanism of the recently unveiled, patent-pending instant cooling hydro functional polymer, the Swiss textile innovator HeiQ has announced that a suite of new products will be added to the HeiQ Smart Temp product family for a full range of activated cooling technology, customizable for each fabric type and intended cooling performance.
The Government of India’s decision to increase basic customs duty (import duty) to 20 per cent on 76 textile and apparel items at 6-digit level, is a significant move and will strengthen the domestic textile industry, The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has said. The duty has come into effect from July 16, 2018.
The Government of India’s decision to increase basic customs duty (import duty) to 20 per cent on 76 textile and apparel items at 6-digit level, is a significant move and will strengthen the domestic textile industry
Growth in the fair and growth in the market: exhibitor and buyer increases at Intertextile Pavilion Shenzhen, which concluded recently, reflected the strength of the Southern China fashion sector.
Archroma, a global leader in color and specialty chemicals towards sustainable solutions, has announced collaboration with Ternua, an outdoor brand with a strong connection to nature.
A record 971 exhibitors from 12 countries and regions (2017: 721), and 17,664 trade buyers from 35 countries and regions (2017: 15,608) took part in the Intertextile Pavilion Shenzhen, reflecting the strength of the Southern China fashion sector.
SPGPrints, a leading equipment and consumables supplier for printing in the textile and graphics industry, has successfully argued before the Dutch court in The Hague that the MS/Dover patent EP2643159 for single pass digital textile printing is not inventive.
Experts said as per WTO norms, India would not be able to give further incentive to the textile sector and the government had increased the import duties to encourage domestic manufacturing.
The government has doubled import duty on more than 50 textile products ? such as jackets, suits and carpets ? to 20 per cent, a move that is aimed at promoting domestic manufacturing.