MARKET & ECONOMY
Demand for carpets and rugs in India is forecast to grow 5.9 per cent per year to 120 million square meters in 2021, expanding faster than any other major nation worldwide. Growth will be driven by strong gains in construction activity, expanding the size of the country’s building stock.
Disposable goods accounted for 71 per cent of nonwovens sales in 2016. Disposables markets include consumer, filtration, and medical. Demand for nonwovens used in disposable goods is expected to increase 3.2 per cent per year to $5.6 billion in 2021.
Gujarat is witnessing a sharp decline in forward contract of cotton for export in the new season. Gujarat, which accounts for about 25-30 per cent share in India’s total exports, etc.
Harvey has come and gone and the impact Irma will have on cotton is yet to be seen. Having caused havoc in the Caribbean, category-4 hurricane Irma after slamming Florida coast according to forecasts, may move upward to South Carolina and Georgia. What influence it will have on cotton in the southern cotton growing regions like Georgia is not clear.
Kornit Digital has received SGIA’s prestigious 2017 Product of the Year Award for the Kornit Vulcan, in the category “Direct-to-garment printers (Color Shirt – Not White)â€Â. The Vulcan will be on display at the 2017 SGIA Expo in New Orleans, in Kornit’s booth # 1617.
The US Department of Agriculture (USDA) Quality Assurance Laboratory is the latest laboratory to be certified under ICA Bremen International Laboratory Certification Scheme.
Picanol India, an international group specialised in the development, production, and sale of weaving machines, engineered casting solutions and custom-made controllers, is set to participate for the fourth time at TechTextil, a leading technical textile expo, from September 13-15, 2017 in Mumbai.
The 11th edition of the Textile Pinnacle (Texpin) by the Southern India Mills’ Association (SIMA) will focus on ‘Textile Industry-Towards 2020’.
Giriraj Singh, who represents Nawada (Bihar) Parliamentary constituency in the 16th Lok Sabha, has taken charge as Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs).