MARKET & ECONOMY​

The Chhattisgarh Government is planning to develop a ?green? textile park with world-class eco system, for which the Chhattisgarh State Industrial Development Corporation (CSIDC) has identified a 30-hectare land at Village Khapri, in Raipur district.

ColorJet Group, one of the largest manufacturers of digital printers in India, displayed a live demonstration of direct to fabric digital textile printer VASTRAJET at Gartex 2016, which was held in New Delhi from August 27-29.

The Central Board of Excise and Customs (CBEC) has recently revised the Authorised Economic Operator (AEO) programme to push up for speedy clearance of cargo from ports, and reduce time and cost in cross-border trade.

India’s cotton import has soared above 20 lakh bales thanks to skyrocketing cotton prices. While Cotton Advisory Board (CAB) had projected imports of around 15 lakh bales during 2015-16, trade and industry officials opine that imports have already crossed 20 lakh bales.

Garware-Wall Ropes Ltd (GWRL), a leading manufacturer of technical textiles for the Indian and global markets has achieved a sales revenue of Rs 225.06 crore in Q1FY17 as compared to Rs 239.32 crore in Q1FY16.