MARKET & ECONOMY​

Today solar energy has established itself as one of the most non-conventional energy resources to steadily replace conventional energy sources such as the hydro electricity and thermal power, as the production of conventional energy is not likely to meet the future electricity demand of the world.

The Southern India Mills Association (SIMA) has urged Edapadi Palaniswami, the Chief minister of Tamil Nadu to remove 1 per cent Agricultural Market Committee Cess on cotton and cotton waste for the state budget of 2017-18.

Indian wool industry manufacturers and partners for the first time had an exclusive opportunity to experience and interact with The Wool Lab Sport, a part of the spring/summer 2018 edition, where the Woolmark Company unveiled its most recent innovations and developments in wool at an information and fashion-forward presentation.

Itema, a provider of advanced weaving solutions like weaving machines and integrated services, is exhibiting at KTM in Kahramanmaras, from April 6 to 8, 2017, in booth B1. Itema is born from the successful merger of textile machinery brands, such as Somet, Sulzer, and Vamatex.

The Lenzing Group to invest about EUR 70 million over the coming 12-month period to expand production capacities for its high-quality botanic specialty fibres. With this investment, the company is responding to strong global demand for new types of Tencel premium fibres.