MARKET & ECONOMY​

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.

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.

Mayank Jayantilal Roy, Managing Director of Excel Industrial Gears Pvt Ltd, Mumbai, has been elected the President of the Indian Textile Accessories & Machinery Manufacturers´ Association (ITAMMA) for 2015-2016. He has been a member of and serving in Managing Committee of ITAMMA for more than a decade.

Birla Cellulose, a division of the $40 billion Aditya Birla Group and a world leader in speciality viscose staple fibres (VSF) has embarked on a journey of adding more collaboration?s in China. And to do so, is participating at Intertextile Shanghai Apparel Fabrics, which runs from October 13-15, 2015 in Shanghai at stall No. 5.32, E32.

At the ITMA Milano 2015, the Textile Group Companies: Santoni ? Lonati ?Dinema? Tecnopea and ITS Machina Lonati, all together under a group synergy are aiming at offering a complete response to textile and knitting requests.

Cornstarch solution can be a potential candidate for next-generation bulletproof clothing and impact materials. Research in Professor Eric Brown?s laboratory at Yale University has shown a unique property of cornstarch-water mixture that responds to impacts well. Upon impact, it cracks resembling solids and then it returns to fluid state. This phenomenon is understood as ?shear thickening?.

Imports of fabrics by China in 2013-14 is Rs 5,500 crore, which is grossly undervalued to the extent of at least 50 per cent. Therefore, actual value will be over Rs 8,000 crore. Imports of fabrics consist of manmade (polyester, viscose and nylon) fibres and yarns as India is the net exporter of cotton yarn and raw cotton to China.