MARKET & ECONOMY
Flameproofings Ltd., UK are a market leader in the flame retardant coating of fabric for the upholstery and household textiles markets.
The textile market is in continual change. The technical standards of the machines and the know-how of all persons involved become higher and higher.
Formal wear brand Arrow is targeting over 20 per cent year-on-year sales growth in the next 4-5 years, and plans to open 55 exclusive brand outlets this fiscal to expand its footprint in tier II and tier III cities.
The Union Government has assured the textile and clothing industry that it will identify Central and State embedded taxes and work out a reimbursement scheme soon.
Aditya Birla Group firm Grasim Industries will invest over Rs 13,000 crore in its textile and cement businesses over the next 24-36 months, as the company looks to increase capacity and modernise production.
P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.
Electronics For Imaging Inc (EFI) continues to revolutionise the future of printing by introducing new technologies at this year’s FESPA Global Expo in Berlin.
P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.
Union Minister Smriti Irani said the textile sector has attracted up to Rs 27,000 crore investments since the announcement of incentive package last year, and is likely to get more investment from international and domestic markets going forward.