MARKET & ECONOMY
India’s leading Denim producer, Suryalakshmi Cotton has successfully commissioned its 4th state-of-the-art plant in Amravati, Maharashtra. Built at a cost of Rs.131 crore, the fully automated and ultra-modern unit will manufacture high-grade, value-added fancy yarns such as Ring Slub, Stretch, Elli Twist and Compact.
The Telangana Spinning & Textile Mills Association (TSTMA) has sent an SOS to the Central government asking for help to ensure that healthy mills do not face closure due to adverse external factors.
The Board of Directors of Cotton Association of India (CAI) has appointed the following office bearers for the year 2015-2016 at a recent meeting of the association. Dhiren N Sheth has been reelected the President of the Cotton Association of India (CAI) for the year 2015-16.
Uster Technologies is to have a new Chief Executive, in a carefully-planned and phased handover by April 2016. At his own request, current CEO Dr Geoffrey Scott will take early retirement, and will be succeeded by Thomas Nasiou, currently the company´s Head of Textile Technology.
The proposal of Toyota Industries India Private Limited to set up a textile and spinning machinery manufacturing unit with an investment of Rs 410 crore at Vasanthanarasapura Industrial Area in Tumakuru district was cleared by the Karnataka State High-Level Clearance Committee on September 14, 2015.
S Srinivasan, Founder-Chairman of Tex Tech Industries, passed away at the age of 87. Srinivasan was born on Janaury 7, 1928 and he completed his engineering in Mumbai. He started his career in Escorts Ltd-Tractor division as Sales Manager.
Bilateral collaboration and technical exchanges between United States and India in technical textiles are planned as a part of the United States and India strategic and commercial cooperation. The US Secretary of State John Kerry and US Commerce Secretary, Penny Pritzker welcomed India´s External Affairs Minister, Sushma Swaraj
The rapid development in the technical textiles and apparel industries has had a positive impact on the demand for lyocell fibres, states Transparency Market Research in its recent report. The 62-page research publication reveals that registering a strong CAGR of 7.90 per cent during the forecast period, the global lyocell fibres market is poised to rise from $692.7 million in 2013 to $1,179.5 million by 2020.
India´s leading denim producer, Suryalakshmi Cotton has successfully commissioned its 4th state-of-the-art plant in Amravati, Maharashtra. Built at a cost of Rs 131 crore, the fully automated and ultra-modern unit will manufacture high-grade, value-added fancy yarns such as Ring Slub, Stretch, Elli Twist and Compact.