MARKET & ECONOMY​

The Confederation of Indian Textile Industry (CITI) has elected the following new office-bearers at its First Meeting of the Committee held in Mumbai on September 20, 2017: Sanjay K Jain as Chairman; T Rajkumar as Deputy Chairman; and DL Sharma as Vice Chairman.

The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has signed an MoU with Ecommerce Gateway Pakistan, a leading trade fair organiser, to attract foreign investment worth $375 million into textile sector.

The Maharashtra Government is planning to set up nine textile parks in the northern cotton-growing regions of the State with an aim to supplement farmers’ income through value-added products.

India’s exports rebounded in August after slowing down in July , helped by a recovery in global demand. The country’s exports grew 10.3 per cent to $23.8 billion last month. Imports outpaced exports and increased 21 per cent to $35.46 billion, etc.

IRO TEC is the new programmable brake for weft thread accumulators. It is fitted additionally with a leaf spring brake (uni-brake) and is suitable for an extremely wide range of yarns. It provides a marked reduction in wear and ensures an excellent fabric appearance.