MARKET & ECONOMY​

The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.

The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.

Textile Effects Division of Huntsman Corporation has bagged the 2016 Dyestuff Manufacturers’ Association of India (DMAI) Awards 2016, in recognition of its “Excellent Performance in Exports of Dyestuffs by Large Scale unit”. Huntsman Textile Effects also won the award in the category for “Excellent Performance in Safety & Hazards Control by a Large Scale unit”.

away from fashion stereotypes, real moments and real emotions are what life is all about! That is the message behind ‘Clothes for Humans’, the brand new United Colors of Benetton’s (UCB) product and marketing philosophy. Starting this summer, Clothes for Humans will be the unifying force behind three product lines, a global campaign, a brand new website and a series of in-store initiatives and materials, including the ‘magalog’, a hybrid between a magazine and a catalogue that will be distributed in Benetton stores worldwide.

Apparel Export Promotion Council (AEPC) has signed an MoU with the Tehran Garment Union (TGU), an influential manufacturers and retailers association with legislative power in terms of garment commercial affairs in Iran. The MoU signed during the recently-concluded 57th India International Garment Fair (IIGF) in New Delhi by Ashok G Rajani, Chairman, AEPC, and Mohamad Javad Sedghamiz, VP, TGU, will fuel efforts to promote bilateral trade and industrial cooperation in the textile and fashion sectors among Indian and Iranian partners.

The World Trade Organisation (WTO) has launched a new World Trade Outlook Indicator (WTOI) designed to provide ‘real-time’ information on trends in global trade. The WTOI was unveiled in Shanghai, China recently, ahead of a meeting of G20 trade ministers. Combining a variety of trade-related indices, WTOI is designed to give an early signal of the current direction of world trade and where it is likely to go in the near future.

ColorJet Group, one of the largest manufacturers of digital inkjet printers in India, is participating in the Knit Show being held at Tirupur from August 7-9 and will be introducing its direct-to-fabric digital printing machines using water-based pigment inks aimed at green digital printing.

ColorJet will be showcasing samples printed on its best-selling direct-to-fabric digital printing machines; the METRO and VASTRAJET, which use the groundbreaking and environmentally friendly, water-based pigment inks.

Danfoss and Sondex have announced an agreement for Danfoss to acquire full ownership of privately-held Sondex Holding A/S, a global leader in heat transfer technologies. Sondex develops, produces and markets heat exchangers, and the company represents an ideal match to the Danfoss Heating business segment. Thus the acquisition confirms Danfoss’ strategic focus on building leading positions and accelerating profitable growth. “Sondex is a well-performing company with a second-to-none heat exchanger expertize, which perfectly fits our ambition to further strengthen our position within heat transfer solutions.