MARKET & ECONOMY
The technical textile industry has been registering an annual growth of 11 per cent, and it is expected to grow at about 20 per cent by 2017. The Union Ministry of Textiles has sought additional funds for the Technology Upgradation Fund Scheme (TUFS) in the current financial year, says Textile Commissioner Kiran Soni Gupta.
Organic cotton is a highly sustainable fibre. It has been ranked above conventional cotton, viscose bamboo and linen in Higg´s Index. Globally, brands, retailers and consumers are increasingly supporting organic cotton. But to use organic fibres is not enough.
For the Italian textile machinery sector, the year´s fourth quarter resulted in a decline in orders, mainly due to a negative performance recorded in foreign sales. These findings have been reported in an economic survey conducted by ACIMIT, the Italian Association representing the industry, indicating a 4 per cent drop over the previous quarter.
The Ministry of Textiles and the Man-Made Textile Research Association (MANTRA) have joined hands to encourage the small and medium enterprises (SMEs) in south Gujarat.
Saurabh Patel, Finance Minister, has announced in Budget 2015-16 that the Government of Gujarat will impose five per cent tax on technical textiles. The proposal to impose tax on technical textiles will bring additional tax revenue of approximately Rs 80 crore, Patel said.
Colorjet India Ltd, a leading manufacturer of digital inkjet textile printers will showcase the live demonstration of its latest grand format direct to fabric printer for customised home furnishing textiles – Fabjet Grand at GTE 2015, which starts from February 28, 2015 in NSIC Ground, Okhla, New Delhi in Hall E ? stall no E5.
The CMAI?s Apparel Index for the third quarter, FY2014-15 from October to December 2014, with overall Apparel Index value up at 5.01, once again revealed the low sentiment among small brands, those with turnovers of Rs 10 to 25 crore.
In Northern France, textiles are part of our DNA?but yesterday?s mills have given way to cutting-edge organizations like the European Centre for Innovative Textiles (CETI) and its Innotex incubator. The result? Ideal growing conditions for the textile industry?s most innovative start-ups.
In 2015, India would witness a bigger and wider participation from Taiwan with 18 companies producing high-end and innovative technical textiles, composite Textiles (FRP, fibreglass and carbon fibre), raw materials, accessories and non-woven machinery showcasing their products.