MARKET & ECONOMY
Avantex Paris, the show for technical and technological products and services that provide added value for the textile industry, has chosen a group of 30 exhibitors who are representatives of the international scene.
India’s apparel exports continue to remain volatile and unencouraging with the global apparel trade not showing any signs of uptick amid subdued demand trends in the key importing countries.
Bangladesh’s Nitol-Niloy group, which has business interests in automobile and engineering, wants to invest in the Indian textile sector, especially in West Bengal, where it plans to start a spinning mill to convert India-sourced cotton to yarn for consumption in Bangladesh.
The net profit of Vijay Textiles jumped 245 per cent to Rs 1.72 crore in the first quarter of fiscal 2018 as against Rs 0.49 crore in the first quarter of fiscal 2017.
The Monforts Eco Applicator has been highly successful since its introduction, both integrated into new finishing lines or retro-fitted to existing ones.
J Thulasidharan, Managing Director of Coimbatore-based The Rajaratna Group of Mills, will continue as president of Indian Cotton Federation, formerly known as South India Cotton Association, for 2017-18.
DNV GL and the United Nations Industrial Development Organization (UNIDO) have launched a new tool to help the textile industry manage water consumption in a more sustainable way.
Scientists from the University of Texas at Dallas and the Hanyang University in South Korea have developed high-tech yarns that generate electricity when stretched or twisted.
The Kerala Agricultural University (KAU) has identified 12 indigenous plants for manufacturing natural textile dyes. A study by the College of Agriculture (CoA), Vellayani, as part of the Western Ghat Development Programme (WGDP), has identified 12 indigenous plants capable of giving colour to cotton and silk textiles.