MARKET & ECONOMY
Modern textiles promise a great deal: some of them are strong performers when it comes to heat and moisture management.
Automation Expo 2017, India’s biggest and South East Asia’s 2nd biggest Automation show has attracted a record number of exhibitors with over 900 companies from over two dozen countries represented at the event.
Despite being one of the world’s largest textile and apparel markets, the US domestic textile production is still struggling to recover from previous declines from 2008 to 2009, according to a report from the US Congressional Research Service.
India and the European Union have decided to set up a mechanism to facilitate EU investments into the country, India’s Commerce and Industry ministry said. The Investment Facilitation Mechanism (IFM) will allow for a close coordination between the EU and India with an aim to promote and facilitate investment in India.
The textile industry in Surat has been hit hard as the manufacturing units, traders and retailers remained shut due to the ongoing protest against GST. While the strike continues, majority of the traders as well as the industry comprising of hundreds of Micro, Small and Medium Enterprises.
India’s export grew by 4.39 per cent to $23.56 billion in June as shipments of chemicals, engineering and marine products improved, according to the official data released.
The US International Trade Commission (ITC) made a unanimous preliminary determination that unfairly-traded imports of fine denier polyester staple fibre (fine denier PSF) from China, India, Korea, and Taiwan are causing injury to US producers.
On October 5 and 6, the Com4® yarn seminar 2017 will be held in Winterthur (Switzerland). In the seminar, experts from Rieter and Uster Technologies AG will impart knowledge on the day-to-day textile activities of yarn traders and downstream processors. Core focus is on the properties of the yarns and their influence on the fabrics.
The ITMF Annual Conference 2017 will be held in Bali/Indonesia from September 14-16, 2017 hosted by the Indonesian Textile Industry Association (API).