If you ask many an Italian textile machinery company, what are the factors behind their success, they mostly point out to two elements: Tradition & Innovation. For years, these companies have upheld the great values of their tradition, and by spending 5 per cent of their turnover constantly year after year on research and development (R&D), they have given priority to innovation.

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.

If you ask many an Italian textile machinery company, what are the factors behind their success, they mostly point out to two elements: Tradition & Innovation. For years, these companies have upheld the great values of their tradition, and by spending 5 per cent of their turnover constantly year after year on research and development (R&D), they have given priority to innovation.

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”.

If you ask many an Italian textile machinery company, what are the factors behind their success, they mostly point out to two elements: Tradition & Innovation. For years, these companies have upheld the great values of their tradition, and by spending 5 per cent of their turnover constantly year after year on research and development (R&D), they have given priority to innovation.

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.

If you ask many an Italian textile machinery company, what are the factors behind their success, they mostly point out to two elements: Tradition & Innovation. For years, these companies have upheld the great values of their tradition, and by spending 5 per cent of their turnover constantly year after year on research and development (R&D), they have given priority to innovation.

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.