MARKET & ECONOMY
Come March, the Synthetic Textile Export Promotion Council (SRTEPC) will be participating in exclusive Indian Textile Exhibitions (INTEXPO) in Ethiopia (March 6th & 7th, 2017) and Kenya (March 9th and 10th, 2017).
The Indian Government has signed Memoranda of Understanding (MoUs) worth Rs 8,835 crore in textile sector at the Vibrant Gujarat Summit. The MoUs include various segments such as textile parks, textile processing, machinery and carpet development, according to the Textiles Ministry.
Pillows and duvets made of feathers and down are extremely comfortable and provide a feeling of top of the range bedding. But this sensation of well-being can quickly be spoilt by escaping down and dust, not to mention the discomfort generated by the feathers with their sharp tips poking through the fabric.
Oeko-Tex has reviewed the requirements of its products and published its new regulations. A large number of new changes will be made to Made In Green, MySTeP, STeP, and Standard 100.
The retail industry in the USA is already taking a major hit this year, with several retailers announcing massive closures and layoffs within the first few week of the year.
As production in spinning mills has come to a grinding halt since demonetisation, sales of yarn in western Tamil Nadu have plummeted. As a consequence, yarn stocks are piled up in city mills most of which rely on migrant labourers who have stopped work.
Unifi Inc continues to expand its global footprint of REPREVE® recycled fibre by entering into Vietnam with support from Century Synthetic fibre Corp, now a licensed manufacturer of Repreve.
An Italian textile machinery delegation will be on hand at the upcoming multi-industry Addis Chamber International Trade Fair (ACITF), to be held in Addis Ababa from February 23 to March 1, 2017.
CRISIL’s nationwide survey of micro, small and medium enterprises (MSMEs) shows a substantial shift away from cash transactions following the government’s move to demonetise bank notes of Rs 500 and Rs 1,000 denomination recently.