MARKET & ECONOMY
Amazon India has signed an MoU with the Telangana Department of Handloom and Textiles to educate, train and enable weavers and artisans to directly sell their products to Amazon customers across the country.
Speciality chemicals company LANXESS has added new, water-based dyestuff to its portfolio of leather finishing products and which are suitable for spray or throughfeed dyeing, effect, base and top coats.
In July 2017, seven VDMA member companies presented their technologies to the representatives of the Colombian textile industry.
In another defining acquisition to strengthen its presence in the country, Messe Frankfurt India Trade Fair Pvt Ltd has acquired the rights of Screen Print India.
Mayer & Cie. expects the handover of representation to Fi-Tech to boost its presence in the US and to provide easier access to new customers.
The International Cotton Advisory Committee’s Secretariat has forecast that the A Index in 2017-18 will range between 54 cts/lb and 87 cts/lb with a midpoint of 69 cts/lb. The midpoint would be 13 cts/lb lower than in 2016/17. This follows the large increase of 12 cts/lb from 2015-16 to 2016-17, which suggests that such a drop is not unreasonable.
Recently, an event was held at Cambridge, USA-based Massachusetts Institute of Technology (MIT) to support and encourage the development of smart fabrics with electronics and special functionality in them. T
For the second consecutive year, ACIMIT, in partnership with the Italian Trade Agency, has organised a collective venture at Irantex, the primary trade fair for the Iranian textile and textile machinery sector, to be held in Tehran from 4 – 7 September 2017.
According to data compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, the order index for textile machinery during the period from April to June rose by 26 per cent compared to the same period in 2016.