MARKET & ECONOMY​

A delegation of Chinese Textile Company, Zhejiang Daoqin Textile Co Ltd has expressed interest in setting up of a textile industry in the Sitarganj Pase-II industrial estate in Uttarakhand State for which it would be making investment to the tune of Rs 600 crore. In this connection, a delegation of the Chinese textile company met Chief Minister Harish Rawat.

Qlik, a leader in visual analytics, has announced that Tantex, a Singapore-based textile and garments design and supplier, has chosen Qlik for its visual analytics platform. Using Qlik platform, Tantex can analyse over 25 years’ worth of data to identify the latest fashion trends, forecast demand, and provide spot-on advice to fashion retailers. Over the years, as Tantex’s list of global retailers grew and the company expanded into more markets, executives found it challenging to analyse numerous reports that were formatted differently across departments and countries.

The Swedish retailer H&M’s non-profit arm H&M Foundation, which has committed to collecting used clothes in stores in an effort to keep them out of landfills and give them a second life, has teamed up with the Hong Kong Research Institute of Textiles and Apparel (HKRITA) to develop the required technologies to recycle blended textiles into new fabrics and yarns.

A fabric touch tester and an imaging colour measurement system for textile and garment industry developed by Hong Kong Research Institute of Textiles and Apparel (HKRITA) have the potential to become industry testing and measurement standards in the textiles industry.

Chinese investor Jiangsu Dongqun Investment Holding Group has expressed its intent to invest $100 million in the development of textile industry and textile products (TPT) in Indonesia.