MARKET & ECONOMY​

Workers of over 3.5 lakh powerloom machines in industrial areas of Ved Road, Katargam, Varachha, Jholva, Laskana, Varachha, Bhestan, ?and ? Bamroli? in Gujarat? , who were on strike for over 20 days called off their agitation following settlement over wage hike.

CMAI?s Apparel Index for the Second Quarter (July-Sept 2015) once again confirms that the industry has maintained its growth tempo with overall index value at 6.68 points. Giant and large brands have continued their growth story much like the previous quarters and stayed ahead of the curve. They have done better with higher sales turnover and lower inventory holding.

The Confederation of Indian Textile Industry (CITI), the apex national chamber of textile industry, elected its new leadership team led by Naishadh Parikh as Chairman. Mukund Choudhary and Thulasidharan will continue as the Deputy Chairman and Vice Chairman respectively.

Arvind Limited, one of the largest integrated textile and apparel majors in the country, has again bagged first prize in the National Energy Conservation Award 2015 in the textile sector, given by the Ministry of Power, the Government of India.

The Textile Association of India, Karnataka Unit is organising an exhibition showcase on January 22-23, 2016 in Bengaluru. This is part of international textile conference on ?Functional Textiles and Apparels: Global requirements and opportunities?.

The global textile and garment manufacturing industry converged at ITMA 2015 in Milan to source innovative solutions to enhance their business sustainability. Their commitment to sustainability is evident from the strong industry turnout. At the end of eight days, the 17th edition of the world’s most established textile and garment technology exhibition attracted visitorship of almost 1,23,000 from 147 economies.