MARKET & ECONOMY
With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric.
With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric.
Archroma has created Colour Atlas, a colour library to easily bring colour creativity and manageability to an entirely new level for stylists and designers, brands and retailers, and their suppliers.
For the cotton season 2015-16, the Cotton Advisory Board (CAB) has revised the cotton production estimate. It now stands at 338 lakh bales as against its earlier estimates of 352 lakh bales.
The Tamil Nadu government is gearing up to launch new schemes to uplift the State’s textile sector, which: increasing free power to handloom from 100 units to units 200 units a month and from 500 units to 700 units a month for the powerlooms.
On August 15, JMBT Beteiligungen AG acquired 100 per cent of the share capital of Benninger AG from Benninger Holding AG. With this acquisition Jakob Müller AG is expanding its position in the textile finishing sector.
India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia.
Paving way for the introduction of fixed-term employment in the textile and apparels sector, the Labour Ministry has notified changes in the rules of the Industrial Dispute Act, 1947.
India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia. Exports dropped three per cent in 2015-16 and 17 per cent from April to June 2016. Exports of wool and woolen products stood at Rs 3,012 crore in 2015-16 compared to Rs 3,112 crore a year ago. The decline is 9.4 per cent in dollar terms for the period.