The government has launched four schemes, including a technology mission, for promotion and growth of technical textiles. Technical textiles are materials manufactured primarily for their technical performance and functional properties rather than aesthetic and decorative purpose.

Ludwigshafen-based BASF recently announced its major investment plan in superabsorbent technology, which is worth about $625 million.

ACIMIT, the Association of Italian Textile Machine Manufacturers, participated in the recent business mission in Vietnam, promoted by Italy´s Ministry of Economic Development and Ministry of Foreign Affairs and organised by the Italian Trade Agency.

The Government of India announced the minimum support price (MSP) for Kapas (seed cotton) for the current season (October 2014-September 2015).

Reliance Industries Limited (RIL) and Shandong Ruyi Science and Technology Group Co Ltd, China (´Ruyi´) (through its wholly owned subsidiary), have executed definitive agreements for a joint venture in textiles.

COTTON USA debuts a new global campaign at the Heimtextil trade show from January 14-17, 2015 in Hall 8.0/ H60 at the Frankfurt Exhibition Centre in Frankfurt, Germany.

Launch ceremony of Technotex 2015, the 4th edition of the largest international exhibition and conference of the Technical textile industry in India was presided by the Minister of State for Textiles (Independent Charge), Santosh Kumar Gangwar at ´Taj Lands End´, Mumbai recently.

Vardhman Group, one of the leading textile companies in India, is set to invest Rs 560 crore for setting up weaving and fabric units in Himachal Pradesh´s Baddi town. Managing Director of Vardhman Group, Sachin Jain, said the first phase of the project would start from February 2015 and would be completed by June 2016.

According to the Research and Markets´ new report ´Global Technical Textiles Market 2015-2019, high demand for nonwoven textiles is driving the growth of the overall market.