MARKET & ECONOMY
The long awaited new textile policy, which aims to create 35 million new jobs and boost exports to over $300 billion annually over the next decade, is likely to be unveiled, may be within the next two months, according to Santosh Gangwar, Minister of State for Textiles.
The South India Textile Research Association (SITRA) will commission an incubation facility in another three months to support new ventures in medical textiles.
Over the last few decades, Rajasthan has emerged as a successful textile hub. Given the labour-intensive nature of the sector, the Rajasthan government has identified it as one of the thrust areas.
Total exports of textiles and garments from Vietnam to the USA gained a year-on-year increase of 11.7 per cent to US$9.88 billion from January to November 2015.
DuPont and The Dow Chemical Company have announced that their BODs approved a definitive agreement under which the companies will combine in an all-stock merger of equals.
Textile printing is proving to be one of the fastest growing sectors in the digital wide format print industry, and with technology a key driver for the changes, demand for education is high on the agenda for print service providers.
The Cotton Association of India (CAI) has released its December estimate of the cotton crop for the 2015-16 season, which began on 1st October 2015. The CAI has placed its December estimate of the cotton crop for the 2015-16 season at 357.00 lakh bales of 170 kg each.
Union Minister of State for Textiles Santosh Gangwar said the national textile policy will be finalised soon and it is likely to be ready by the month of April. Speaking to Indian Textile Journal, Gangwar said, ´The national textile policy will be finalised soon. May be at the end of April.
With a mission to impart skills to the new and existing workforce in the domestic and export apparel industry and textiles sector, Apparel Training and Design Centre (ATDC) India’s Largest Vocational Training Network for the Apparel Sector inaugurated ‘Kaushal Vikas Bhawan’ in Patna.