The Maharashtra cabinet has approved a new textile policy for 2018-2023 to attract investment of Rs 36,000 crore and generate 10 lakh jobs. Reducing power tariff and raising capital subsidy for spinning mills are two key aspects of the policy, which takes forward the ‘Make in Maharashtra’ idea to strengthen the cotton industry and silk business.

Indo Rama Synthetics, India’s largest dedicated polyester manufacturer, announced its unaudited financial results for the quarter and nine months ended December 31, 2017.

Asics Ventures, the investment subsidiary of sportswear brand Asics, has made its first investment, taking a stake in Ai Silk Corporation, a Japanese start-up affiliated with Tohoku University that is developing conductive textiles.

Cotton imports by Southeast Asian nation of Vietnam have surged by around 50 per cent in January 2018, compared to the same month of the previous year, according to data from the country?s ministry of industry and trade. The US, followed by India, Australia, Brazil and Ivory Coast were the major suppliers of white fibre to Vietnam during the month.

The Khadi and Village Industries Commission (KVIC) has sent a legal notice to Fab India, a chain of ethnic wear retail outlets, demanding a whopping Rs 525 crore in damages for “illegally” using its trademark “charkha” and selling apparels with the ‘khadi’ tag.

Prominent and key textile machinery manufactures from across the globe such as ITEMA, Dornier, Staubli, Weavetech, Lifebond, Inditec, Prashant Gamatex, LUWA, LCC, Yamuna, ColorJet, DCC, ATE, Elgi Equipments, SIMTA, Inspiron Jay Instruments,etc.

The Directorate General of Anti-dumping and Allied Duties (DGAD), under the commerce ministry, Government of India, has concluded that imposition of anti-dumping duty (ADD) is not warranted on imports of polyester staple fibre (PSF) from China, Indonesia, Malaysia and Thailand.

Top Value Fabrics (TVF) introduces its new line of High-Definition Textiles by Georg+Otto Friedrich, engineered specifically for brilliant graphics displays.

Tamil Nadu textile industry has reacted positively to the increase in budgetary allocation to the sector at Rs 7,140 crore but insists that concerns over pending funds under various schemes and erosion of pre-GST incentives still hurt the industry.