MARKET & ECONOMY​

The Telangana Government recently announced a host of measures, including a Rs 10.5-crore loan waiver, setting up of handloom and powerloom corporations for implementation of subsidy for yarn, chemicals and dyes, and administrative sanction for a handlooom park in Gadwal city, to boost the handloom sector in the State.

The Textiles Secretary, Anant Kumar Singh disclosed that Ministry of textiles has constituted eight committees comprising industry representatives to formulate standards in technical textile industry. Already 295 standards have been formulated in the areas of medical textiles, geo textiles, industrial textiles, protective textiles.

Archroma, a global leader in colour and speciality chemicals, has announced its first-ever collaboration with Kathmandu, the well-known New-Zealand born and based outdoor brand. Kathmandu selected Archroma and its Earthcolours range of plant-based dyes to create a new capsule collection of the brand’s signature hoodie.

Uzbekistan, the world’s sixth-largest cotton producer, aims to further increase incomes to the national economy by exporting this strategic crop. Uzbekistan has signed contracts for the export of finished textile products and semi-finished products for more than $1 billion following the 13th International Uzbek Cotton and Textile Fair.

A number of yarn, weaving and dyeing projects in Vietnam have restarted after a period of postponement due to the US withdrawal from the Trans-Pacific Partnership (TPP). However, the textile & garment industry still faces difficulties.

The Textile Care, Fabric and Leather Technologies sector is experiencing good growth this year: In the months from January to August 2017, the German manufacturers were able to report an increase in order intake of 22.2 per cent in real terms compared to the previous year.

The OEKO-TEX® Association, in commemoration of its 25th Anniversary, commissioned a global research study to assess consumer attitudes about textile sustainability. The results of this one-of-a-kind research project have been released recently.