MARKET & ECONOMY​

The rising stars of ITM Institute of Fashion, Design and Technology showcased their talent during SPARKPLUG 2017, the annual design event of ITM IFDT in Mumbai. Graduating students showcased their creative identities and their work processes as they begin their professional careers.

Vietnam earned nearly $14.6 billion from exporting garments and textiles, mainly to American, European and Japanese markets, in the first half of this year, up 11.3 per cent year-on-year.

Raymond Ltd, textile and apparel major, will launch Khadi by Raymond on October 2, 2017. Raymond was first to forge the first partnership with the Khadi & Village Industries Commission (KVIC) and will promote the fabric in India and global markets.

Applied DNA Sciences Inc has signed a multi-year license agreement with GHCL Limited, a global manufacturer of home textiles, to provide CertainT platform services in connection with source-verified, polyethylene terephthalate (PET) and recycled PET (post consumer) in select home textile products.

Jayashree Textiles Ltd, a unit of Aditya Birla Nuvo Ltd, is aiming at 10 per cent growth in its turnover in this fiscal. The company, which focuses on linen and woollen fabrics and garments, logged Rs 1,600 crore turnover in the last financial year.