MARKET & ECONOMY
Reliance Industries’ subsidiary Reliance Brands, which already has a clutch of global labels, has signed a deal with Italian fashion house Valentino for marketing the latter’s products in India.
Encouraged by showers under monsoons, the farmers in the Kamareddy district in Telengana in India have pinned hopes on cotton crop with soya cultivated last year leaving them high and dry.
Danfoss India, an industry leader focused on climate and energy efficient solutions, has launched it’s first-ever ‘Service on Wheels’ initiative, originating in Tamil Nadu.
Italy-based RadiciGroup’s reduced environmental impact product range has been featured in the new book – Neo-Materials in the Circular Economy.
The Clothing Manufacturers Association of India (CMAI)â€â€in association with Tata Consultancy Services (TCS)â€â€has developed a software for garment manufacturers to alert them about GST (Goods and Services Tax) compliance.
The possibility of attracting investments in Goa to set up technical textile production units is being explored, Union Minister for Textiles Smriti Irani said during an event in Goa.
A budget of Rs 1,200 crore has been allocated by the Government of Telangana for the textile sector for the year 2017-18. Around Rs 373 crore will be used for the handloom sector, while Rs 827 crore has been allocated for powerlooms and its modernisation.
Vietnam’s Ho Chi Minh city is poised to build large centres for designing fashion, trading garments, textile material and accessories to become the country’s future garment, textile material and accessory hub.
The global technical textile industry was estimated to be worth $142 billion in 2015 and is expected to reach $165 billion by 2019. The vast majority of technical textiles come from APAC, which accounts for a share of almost half of the global technical textiles market.