MARKET & ECONOMY​

The Russian authorities have invited foreign clothing brands to localise their production in Russia, Deputy Industry and Trade Minister Viktor Yevtukhov says. Yevtukhov explains that State support programmes currently envisage subsidies for partially recovering the costs of materials,

With the product label ¨Made in Green by OEKO-TEX-¨, the Switzerland-based OEKO-TEX Association presents a new certification for textiles proven to be safe in terms of human ecology and that are additionally produced in a sustainable and socially responsible manner. The label replaces the previous certification system OEKO-TEX Standard 100plus and the Spanish mark ¨Made in Green by Aitex.

BASF India Limited has inaugurated its large-scale chemical production complex at Dahej, Gujarat. With a project cost of Rs 1,000 crore, the site represents BASF´s single largest investment in India. The site was jointly inaugurated by Anandiben Patel, Hon´ble Chief Minister of Gujarat; Saurabhbhai Patel, Hon´ble Minister for Finance, Energy and Petrochemicals, Government of Gujarat and Michael Heinz.

Asian countries, particularly China and India, should boost their cotton consumption. Jose Sette, executive director of Washington, DC-based International Cotton Advisory Committee (ICAC) speaking in Mumbai at the 8th Asian Textile Conference stated that although increasing cotton yield per hectare is important in India, China and India should focus on increasing its per capita cotton consumption.