A Turkish-Algerian joint venture has launched Africa’s largest textile production facility in the northwestern Algerian province of Relizane. Algeria’s Industry and Mines Minister Youcef Yousfi inaugurated the facility, named “TAYAL SPA”, which will eventually come at a total cost of $1.5 billion.

The Gujarat Chamber of Commerce and Industry (GCCI) recently signed a memorandum of understanding with an official delegation from South Korea led by the country’s consul general in Mumbai Kim Soungeun for cooperation between small and medium enterprises (SMEs) in Gujarat and Korean firms, with a focus on automobile, defence, chemicals and textiles sectors.

The Karnataka Government has given the green signal to Kerala-based Kitex Garments to invest Rs 493 crore for a ready-made garments unit in Hassan, Karnataka. Kitex was looking to set up an export-oriented garments unit for infants in Hassanat an investment of Rs 500 crore.

Tata Cliq Luxury, Tata Group’s luxury e-commerce platform, has announced its partnership with The Woolmark Company. Through this association, Tata Cliq Luxury will be the exclusive retail partner in India for larger designer collections that will integrate merino wool in their garments and accessories, and for the International Woolmark Prize.

There has been an increase in Textile & Apparel (T&A) exports in November 2017 after witnessing decline since May last year.

The leading trade event in the world’s biggest yarn and fibre consuming market; an unrivalled ability in gathering high-quality worldwide buyers from various market sectors; strong industry affirmation on its effectiveness; synergies with concurrent international textile events… these are the key reasons why Yarn Expo is the fastest growing fair of its kind in recent years.

Indian spinners are likely to see a gradual performance recovery beginning 2017-18 last quarter after facing multiple problems over the last several quarters that resulted in their profitability touching six-year lows in the previous two quarters, according to a report by credit rating agency ICRA. Cotton yarn demand is also expected to gather strength.

The International Cotton Advisory Committee, Washington, has announced recently it expects global cotton consumption to increase in the coming year.

To provide enough business opportunities, the Bihar Government is making all-out efforts to attract the investors from Punjab, especially those dealing in textiles, apparel, dyeing industry from Ludhiana. The Bihar government is offering huge incentives, better infrastructure to the industrialists to set up manufacturing units in Bihar.