MARKET & ECONOMY
About 130 Italian exhibitors are on hand at ITMA ASIA + CITME 2016 (Shanghai, 21-25 October 2016), occupying an overall exhibition space of more than 5,400 sq m.
The US Government has rejected Pakistan’s demand for preferential treatment to its textile products in the US market.
Intex South Asia 2016, South Asia’s only international sourcing show for yarns, apparel fabrics, denim fabrics, clothing accessories, and allied services, will be held from November 16 to 18, 2016, in Colombo, Sri Lanka, at the Sri Lanka exhibition and convention centre.
Intertextile Shanghai Apparel Fabrics – Autumn Edition 2016 wrapped up very recently with participants praising the quality and internationality of the fair’s 22nd edition.
Hall of Fame roadshow, an initiative by Danfoss India, a Danish company that engineers technologies for a better tomorrow, was held in Mumbai recently.
Rising cost of doing business over last several years has not only stalled fresh investment in the textile industry but also hampered the export growth and turn over.
To grab the market share vacated by Chinese apparel manufacturers, India’s Clothing Manufacturers’ Association of India (CMAI) has signed a memorandum of understanding with China Chamber of Commerce for Import and Export of Textiles (CCCT) to explore potential areas of mutual co-operation for increasing apparel exports from India.
Cotton consumption this year will be the highest in six years. Total global consumption will be about 112 million bales (480 lbs each).
India jumped 16 places for the second year in a row to the 39th rank on the World Economic Forum’s (WEF) Global Competitiveness Index 2016-17.