MARKET & ECONOMY​

As the world’s leading manufacturers of twisting and cabling machines, Allma and Volkmann will be presenting innovative products and solutions in the following segments: staple fibre yarns, carpet yarns, tire cord, industrial yarns and glass filament yarns.

The Indian Textile Engineering Industry (TEI) is more than 100 years old with an illustrious history of achievements, including manufacture of advanced spinning machinery, power looms, weaving preparatory machines, finishing and dyeing machines, etc. It has also made a mark in the world specially in the field of export of accessories which amount to nearly two-third of last year?s export of about Rs 2,600 crore.

The ITMF International Committee on Cotton Testing Methods (ICCTM) announced a new initiative to standardise the testing of stickiness in cotton samples. The stickiness testing initiative will be led by Jean-Paul Gourlot and his colleagues at Centre de coopération internationale en recherche agronomique pour le développement (CIRAD), in collaboration with Axel Drieling at Faserinstitut Bremen e.V. (FIBRE) and Karsten Fröse at the Bremen Baumwollbörse.

Preparation is in full swing for mega textile engineering event – India-ITME 2016 in Mumbai. Most modern cranes and machinery are working 24×7 at NESCO Grounds in Goregaon to set up nearly 1,000 numbers of live demonstration of machinery shipped from 38 countries.

DHL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group, is investing EUR70 million to strengthen its operations to meet the fast-growing demand for quality e-commerce logistics services in India.

Most of the textile and apparel industry does not avail CENVAT, highlights a report released by the Ministry of Textiles adding that the CENVAT route will prepare the textile and apparel industry for GST when it comes into force.