MARKET & ECONOMY​

Welspun India Ltd, one of the leading home textiles company, is foraying into flooring solutions with the foundation stone laying of its Rs 600 crore facility in Anjar, Gujarat to manufacture carpets, area rugs and carpet tiles.

Today, a modern automobile contains between 20 up to 30 kg of fibres from the tyres to the sky. These fibres are used—visibly and invisibly—in many textile products for example as tyre cord, adhesive tape of the seat cover, claddings, sound proofing or insulating material but also for floor coverings. I

Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually. Consumers continue to face liquidity tightness, resulting in deferring of purchase.

The output of the cotton crop in Pakistan is likely to improve during this season mainly due to favourable weather conditions. It is being projected that Pakistan’s cotton crop is expected to be 10.6 million bales, slightly higher than 9.7 million recorded in the last year.

India International Garment Fair (IIGF), which will be held in New Delhi from January 18 to 20, 2017, is aimed at helping exporters from India showcase their latest designs and apparels for the upcoming season, and expected to attract buyers from all over the world. India’s rich heritage of fabrics mixed with its artisans offers buyers a staggering range.

Amid much fervour and gaiety, the prestigious International ‘Holden Medal Award’ for Education, by the Textile Institute, Manchester, UK was conferred on December 12, 2016 to Dr Darlie Koshy, DG and CEO ATDC (Apparel Training & Design and Centre) and IAM (Institute of Apparel Management), for his outstanding contributions in “Technology based education at the levels”.