MARKET & ECONOMY​

Coimbatore, known as the textile hub of Tamil Nadu, houses a large number of small, medium and large textile mills. It also has textile research institutes like the Central Institute for Cotton Research (CICR), South Indian Textiles Research Association (SITRA) and the Sardar Vallabhai Patel International School of Textiles and Management.

Santex Rimar Group is one of the leading players in the market of machine manufacturers for the textile industry. The company started as different companies that evolved into Santex Rimar Group. CAVITEC and ISOTEX lead the technical and nonwoven textiles machinery market; SANTEX and SPEROTTO RIMAR produce machines for textile finishing; SOLWA provides eco-friendly machinery for water treatment, food dehydration, agribusiness sector and waste management.

Raymond Textiles is targeting a 7-8 per cent growth in its suitings business next fiscal. Apart from suitings, the other segments under the textiles division include shirtings (fabrics for making shirts), made-to-measure garments and exports. The growth will come organically, including new product ranges. Over the last one year, the company explored new offerings focusing on functionality.

ITM 2016 International Textile Machinery Exhibition and concurrent HIGHTEX 2016 International Technical Textile & Nonwoven Trade Fair—expected to attract 1,200 exhibitors and more than 60,000 visitors from 72 countries—will be held at Tuyap Fair Convention and Congress Center on June 1-4, 2016.

An industry-friendly software i-ATUFS to be put in use for the Amended Technology Upgradation Fund Scheme has been is welcomed by the Southern India Mill?s Association

Cotton to remain stable, MMF looks at a lacklustre year, and export to stay subdued: An Ind-Ra Report reveals some of the grey areas, possibilities and challenges facing the Indian textile industry in the FY 2016-17.

Cotton to remain stable, MMF looks at a lacklustre year, and export to stay subdued: An Ind-Ra Report reveals some of the grey areas, possibilities and challenges facing the Indian textile industry in the FY 2016-17.

The overall proposed structure to revive rural consumption and rural development in the Budget is likely to give an indirect impetus to the textile industry.

Cotton to remain stable, MMF looks at a lacklustre year, and export to stay subdued: An Ind-Ra Report reveals some of the grey areas, possibilities and challenges facing the Indian textile industry in the FY 2016-17.