The Union Textiles Minister Smriti Irani unveiled a Mudra portal recently that will enable banks to deposit financial assistance to handloom weavers in electronic mode and credit the loan directly to their accounts.

Polyester is now one of the most commonly used fibres in the global textile and apparel industry, accounting for more than half of the overall fibre used worldwide.

US apparel and footwear industry operating profits are expected to be three to five per cent this year. Conditions are expected to remain challenging in the first six months and will begin to improve in the second half.

India’s apparel exports to the US rose 4.3 per cent y-o-y in January 2017. Export volumes increased 8.6 per cent but export realisation fell four per cent.

India Ratings and Research (Ind-Ra) has maintained a stable outlook for cotton textiles for FY18. However, the agency has revised its cotton outlook to stable for FY18 from negative for FY17.

The global HVAC — Heat, Ventilation and Air-Conditioning — market is anticipated to reach $69.0 billion by 2021, exhibiting a compound annual growth rate (CAGR) of 4.4 per cent. R

In January 2017, Christian Muser has been appointed Chief Technology Officer/ CTO at SSM Schärer Schweiter Mettler AG in Horgen.

GoCoop, India’s first online marketplace for weavers and artisans will host ‘Go Swadeshi’ from today (March 15) till March 18 at Regional Institute of Co-operative Management in Banashankari in Bangalore.

According to the USDA first 2017/18 cotton projections at the Agricultural Outlook Forum, it was disclosed that there will be a 6-million-bale decline in global ending stocks.