The textile industry continues to be the second largest employment generating sector in India. West Bengal has a long history and tradition in textiles. The sector provides both indirect and direct employment to a large number of people, with the potential to be a major contributor to the Indian economic growth.

To spur this economic growth, The Ffuture Events-a leading Event & PR Management & Advertising House of Kolkata-in association with Freeman Apparel & Lifestyle plans to organise ‘Fashion Mega Trade Fair 2016’, which is a three-day event to be held from December 9 to 11, 2016 at Milan Mela Ground in Kolkata, India.

The textile industry continues to be the second largest employment generating sector in India. West Bengal has a long history and tradition in textiles. The sector provides both indirect and direct employment to a large number of people, with the potential to be a major contributor to the Indian economic growth. To spur this economic growth, The Ffuture Events a leading Event & PR Management & Advertising House of Kolkata, in association with Freeman Apparel & Lifestyle plans to organise “Fashion Mega Trade Fair 2016”, which is a 3-day event to be held from December 9 to 11, 2016 at Milan Mela Ground, in Kolkata, India. The theme of the event will be innovation, design and sustainability.

Indo Count Industries Limited (ICIL), one of the leading players in the home textiles industry introduced a range of high quality affordable bed linen for the Indian consumer recently at HGH India held at the Bombay Convention and Exhibition Centre. Since its inception in 1988, Indo Count specialises in providing end-to-end bedding products that solely focus on creating all-encompassing sleep experiences.

The Southern India Mills’ Association based in Coimbatore has called for calmness among spinners in India in the wake of the downward cotton production estimate. To offset the abnormal rise in price in domestic markets due to speculation, the Southern India Mills’ Association’s (SIMA) Chairman M Senthilkumar has suggested larger mills to opt for imports to normalise price situation in India.

The National Handloom Development Corporation Ltd (NHDC) has kick-started one of its major initiatives ‘Silk Fab’ to connect consumers and weavers at one platform from Mumbai recently. Ujjwal Uke, IAS, Principal Secretary (Textile), Government of Maharashtra has inaugurated ’Silk Fab’ at World Trade Centre, Cuffe Parade, Mumbai. Around 100 agencies belonging to 14 states will be participating in this initiative.

During the recent weeks, cotton prices have increased by 50 per cent and are skyrocketing as multinational corporations are holding benami stocks with 0 per cent interest funding from their origin countries. Speculators via MCX, NCDEX are playing havoc with the cotton users, says Rikhab C Jain, Chairman, T T Group.

Heading into the second half of the year, the global apparel fabrics and accessories industry’s attention has begun to focus on the 2016 Autumn Edition of Intertextile Shanghai Apparel Fabrics, which will be held from October 11-13. Over 5,000 exhibitors from more than 25 countries and regions will take part and showcase an all-encompassing range of products across 260,000 sq m of exhibition space at the Nation Exhibition and Convention Center, Shanghai.

The announcement of portfolios for Prime Minister Narendra Modi’s new-look Cabinet saw some big portfolio changes among the existing ministers. In one such change, Smriti Irani will now take charge as Textiles Minister. She has taken over from Santosh Kumar Gangwar, who has now been given the Finance department. Ajay Tamta will also be given an active role in the Textiles Department.

A must visit exhibition for best of textile engineering, Innovation, customised solutions, green technology, fibre and yarn, agents and distributors, new customers, new business opportunities- India ITME 2016 is the most awaited business event of the year for textile industry.