Gujarat’s textile policy, announced in 2012, has so far attracted investment commitment worth Rs 9,208 crore through various sectors such as weaving, made-ups, processing, spinning, ginning and technical textiles. The plan is to attract Rs 20,000 crore investment and 2.5 million new jobs by 2017.

The technical textiles sector in the country has tremendous growth potential for generating employment opportunities and is consistently being looked upon for the future growth of the country, Maharashtra Chief Minister Devendra Fadnavis said in Mumbai, while speaking at the inauguration ceremony of the fifth edition of India’s premier exhibition “TECHNOTEX-2016” on the theme “Technical Textiles: Towards Future”.

KPS Capital Partners LP has announced that its portfolio company American & Efird (A&E) signed definitive agreements to acquire majority ownership of Vardhman Yarns and Threads Limited from its joint venture partner, Vardhman Textiles Limited. Upon completion of the transaction, A&E will own 89 per cent of the joint venture and Vardhman Textiles will own the other 11 per cent. The transaction has been approved by A&E and Vardhman Textiles, but remains subject to approval from the Competition Commission of India and other customary closing conditions.

The Cotton Textiles Export Promotion Council (Texprocil) has welcomed the Government’s decision to amend the Incremental Exports Incentivisation Scheme (IEIS) and the Merchandise Exports from India Scheme (MEIS). The Government removed the restriction under IEIS last week. “The decision of the Government to issue duty credit scrips under the IEIS without any restriction will certainly improve the cash flow of the exporters,” Texprocil Chairman RK Dalmia said.

The International Textile Manufacturers Federation (ITMF) 2016 will be held between November 17-19, 2016 at Jaipur. Hosted by the Confederation of Indian Textile Industry (CITI), the three-day conference expects a mammoth gathering of more than 400 delegates including textile industry leaders, senior government officials and experts from across the world. The conference will offer a chance for textile manufacturers to interact with global leaders in the industry, experience new innovations in the industry and learn changing policies in global trade.

Santex Rimar Group is one of the leading players in the world market of machine manufacturers for weaving, textile finishing, nonwovens, technical textiles and green technologies for water treatment and drying processes. As a technology partner for knitted, woven fabrics, nonwovens and green solutions the Group started as different companies that in 2015 have evolved into Santex Rimar Group: Cavitec and Isotex lead the technical textiles machinery market; etc.

Stewarts of America Inc and Basant Wire Industries (Pvt) Ltd of Jaipur are pleased to announce that their longstanding partnership has now resulted in an agreement whereby Stewarts of America Inc has provided all intellectual property, manufacturing know how, and machinery for the production of open end spinning components.

A leading sports technology delegation from the State of Victoria, Australia visited India from May 9-13 to embark on their first sportstech trade mission with the aim of forging partnerships with their Indian counterparts.

Spykar, the largest and most popular Indian jeanswear brand is amidst an incredibly exciting moment this year. The Brand is associated with the Rising Pune Supergiants (RPS), the new IPL team led by Mahendra Singh Dhoni for the seasons – 2016 and 2017.