India’s spun yarn exports in July 2016 plunged 36 per cent in volume terms and value terms. Indian spinners faced a fall in their margins and found it difficult to compete on the international market.

Consumption of Turkish cotton is expected to hit a 10-year high next year as the country’s cotton industry invests in new technology.

The global hosiery market (socks, tights and pantyhose and nylons) is expected to grow at a compound annual growth rate of around four per cent in the next four years.

Indo Count Retail Ventures P Ltd (ICRVL)?a subsidiary of Indo Count Industries Limited (ICIL)?has forayed its entry into Rs 13,000 crore domestic bed linen market with the launch of ?Boutique Living?, a range of bed linen products.

The Central Board of Excise and Customs (CBEC) has issued Notification No. 28/2016-Cus dated March 31, 2016 amending the earlier Notification No.69/2011-Customs, dated the July 29, 2011. As per the current Notification, the Government has provided deeper tariff concessions in respect of specified goods imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA), w.e.f. April 1, 2016 vide.

Shri Vallabh Pittie Industries (SVP), a leader in polyester and cotton blended yarn, inaugurated its Rs 450 crore new textile plant in Jhalawar in Rajasthan. The plant is fully automated with 1,00,000 spindles holding a manufacturing capacity of 22,000 tonnes per annum and is spread across 25 acres of area. After inaugurating the plant recently, Rajasthan Chief Minister Vasundhara Raje said, “We are committed towards forging partnerships that promote manufacturing and create employment opportunities in Rajasthan.”

The NIFT-TEA Knitwear Fashion Institute is collaborating with Synthetic and Arts Silk Mills Research (SASMIRA) to develop a machine for dyeing cotton fabrics without the use of water. The proposed machine will be similar to the one developed by SASMIRA for dyeing polyester fabrics, which uses liquefied carbon dioxide instead of water. The two organisations recently signed an MoU to pursue technological innovations as a part of the collaborative projects, undertake research activities and information exchange on new technologies, media reports said.

India is targeting to increase its bilateral trade with the US to $500 billion from current levels of over $100 billion in the near term

Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented HygroCotton technology by its premium brand Spaces Home & Beyond.