MARKET & ECONOMY
India’s textile sector accounts for 10 per cent of the country’s manufacturing production, 5 per cent of its GDP, and 13 per cent of its export earnings, said a study released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The Southern India Mills’ Association (SIMA) has been organising the international textile machinery, accessories and spares exhibitions known as Texfair since the year 2001 for the mutual benefit of the supplier and user industries.
Uster Technologies, a high-technology instrument manufacturer of products for quality measurement and certification for the textile industry, has announced that its machinery for total cotton contamination control have proved to be successful at China’s Texhong Group.
Tamil Nadu?s garment production hub Tiruppur has now turned to jute products from cotton. Using a 49-day training offered by the National Jute Board (NJB) in collaboration with the National Institute of Fashion Technology-Tirupur Exporters Association (NIFT-TEA) College of Knitwear Fashion,etc.
Textile and apparel player Arvind Ltd reported a consolidated net profit of Rs 64.50 crore for the quarter ended September 30. The company had posted a net profit of Rs 76.65 crore during the same period previous fiscal.
With a view to disseminating knowledge and information to the growing industry about the recent advancements in the textiles, garments and accessories, Rotary Club of Ichalkaranji Central and DKTE Society’s Textile and Engineering Institute as a part of their regular activity have decided to organise TEXPOSURE 2018, etc.
JEC Group has named OCSiAl’s TUBALL MATRIX, the first-ever single wall carbon nanotube-based pre-dispersed concentrate, as the most innovative raw material for composite applications.
Pakistan is taking various steps, including introduction of zero-rating regime for textile, leather, carpets, surgical goods and sports goods, to enhance exports, Muhammad Pervaiz Malik, Commerce and Textile Minister, informed.
At the recently-concluded FICCI India Chem Awards, Dow India emerged as the Product Innovator of the year in the Chemical Industry for its high performing innovation – DOW FILMTEC FORTILIFE. The award is the highest accolade given in the Chemical Sector category.