MARKET & ECONOMY
Asian Development Bank has retained its projections for India’s economic growth at 7.4 per cent for the current financial year, 0.2 percentage points lower than what was clocked in 2015-16.
Italy’s womenswear turnover is growing despite global uncertainty. The numbers confirm it: companies in the sector (including apparel and outerwear, shirts and leather goods) ended 2015 with revenue of €12.8 billion, up 2.5 per cent versus the softer 1.4 per cent growth registered by menswear.
The predominantly cotton based Indian textile industry has been facing acute crisis during the last eight years due to high volatility in cotton prices especially during off season starting from May to September.
German government is providing Bangladesh with ?50 million in assistance to improve garment workers? skills, said commerce ministry sources.
A new report from technology consultancy Cientifica examines how smart textiles are creating a fourth industrial revolution for the textiles and fashion industry worth more than $130 billion by 2025.
The fourth edition of IFAT India, the leading trade fair for environmental technology in India, held in Mumbai recently infused the most updated technologies with an amalgamation of superior quality services across sectors of the environment industry.
Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics company, has achieved Rs 42.80 crore profit after tax for the quarter ended September 30, 2016.
A team of researchers from Cambridge-based Massachusetts Institute of Technology (MIT) in the United States and visiting scientists from France took inspiration from semiaquatic rodent beavers to derive a mathematical model which could be used to develop swimsuits and functional coating processes.
The Government of Bangladesh recently has published final draft of Textile Act 2015, a thorough look of which reveals that the act is to bring all sub sectors of textiles under one umbrella which is The Directorate of Textiles (DoT) under the Ministry of Textiles.