Development of trade and investment cooperation between India and the Eurasian Economic Union (EAEU) is a key factor in their bilateral cooperation, said Alexander Tsybulski, Russian Deputy Minister of Economic Development.

Huntsman Corporation has named Harshad Naik as Managing Director, India Subcontinent, effective September 2016. He succeeds Rohit Aggarwal who was appointed President of Textile Effects Division in July this year.

KPR Mill, with its state-of-the-art production facilities in Tamil Nadu, produces yarn, knitted fabric, readymade garments and wind power. Now, the mill is set for expansion, with its garment capacity poised to go up by 36 million garments to cope up with the upsurge in market demand. This expansion will make the company one of the largest garment producing corporates in India.

Dr.-Ing. Dr. h.c. (University of Technology Chernihiv) Klaus Schäfer is finally retiring from the company and will be taken over by Jochen Adler, who has headed up the Development Project Management at the manmade fiber systems market leader for the past 10 years.

Santex Rimar Group’s weaving division will be present at ITMA Asia in Shanghai with a Terry Jaquard loom under SMIT brand for first rate terry towels productions.

Gujarat has performed remarkably well, achieving an 18 per cent growth over the past decade since 2004, through policy support from both the Centre and State government. Unlike several other states, entrepreneurs in Gujarat have the option of availing benefits from both the Centre and the State Government, allowing for additional benefits. The Centre’s Technology Upgradation Fund Scheme (TUFS), along with the state government’s policy, has helped entrepreneurs reap huge benefits in the sector.

Lenzing is presenting a new method for measuring softness in textiles, together with the German instrument manufacturer, Emtec Electronic. “We notice that softness is becoming increasingly important as a comfort factor in brands and with retailers. Lenzing Modal fibres are the softest fibres in our fibre portfolio. This is something you can feel,” commented Claudia Mommer, product manager for Lenzing Modal.

The Tamil Nadu Government has announced new schemes for promoting handloom, textile and khadi industries. A sum of Rs 175.23 crore would be spent on modernising six cooperative mills in the State.

Himatsingka will invest Rs 1,300 crore, in a phased manner starting this year, in order to augment its manufacturing capacities. These investments will aid in doubling the group’s sheeting capacity and help the process of backward integrating into ultra-fine count cotton spinning. With over 10 brands, the Himatsingka group has among the largest portfolio of home textile brands with an annual throughput of over Rs 800 crore.