MARKET & ECONOMY
The Maharashtra Government will develop an integrated textile park on the sprawling 345 hectare of land in Malegaon. The Government took a decision to hand over the land to the Maharashtra Industrial Development Corporation (MIDC).
Uttar Pradesh-based GHCL, a leader in home furnishings, plans capacity addition and wants to move focus from exports to the burgeoning home textiles market even as textile manufacturers continue protests over GST.
The Lubrizol Corporation’s Performance Coatings business announced an extensive upgrade to its Textile Coatings Center of Excellence in Gastonia, North Carolina.
Even as Delhi witnessed unexpected rains this June, it was raining orders inside Pragati Maidan as Heimtextil India and Ambiente India marked the start of the pre-festive retail season in India.
Circular knitted fabric is growing increasingly popular as an upper material for leisure and sport shoes. The high level of productivity makes circular knitting especially interesting for the manufacture of fabric shoe uppers.
For a complete range of laminated and coated products in home textiles, hotmelt laminating and coating machine: Compact version of multi-purpose laminating and coating machine (MPBL) from GmbH, Germany.
The global yarn production improved in Q1/2017 quarter-on-quarter. Thereby, output in Asia, North America and South America improved, and it declined slightly in Europe.
Pakistan has lost its textile export share in global market by 23 per cent from 2.2 per cent to 1.7 per cent raising questions on economic and trade policies of government functionaries, unfolds the latest presentation on restoration of viability and growth of textile industry prepared by the All Pakistan Textile Mills Association (APTMA).
In order to ensure availability of cotton for domestic mills, the Indian Government had directed Cotton Corporation of India Ltd to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to spinning mills in the micro small medium enterprise (MSME) category to contain fluctuation in cotton prices.