The Hank Yarn Obligation Scheme (HYO) was introduced during 1963 directing the mills to pack 50 per cent of domestic weaving yarn delivery in hank form.
Grasim Industries Limited has signed a definitive agreement to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL) for an enterprise value of Rs 165 crore, subject to net debt and working capital adjustments, as of the closing date.
The Gujarat Heavy Chemicals Limited (GHCL) is all set to launch a range of home textiles products based on health and wellness.
In the post-GST implementation period, the exports of garment and made-ups have been struggling due to inadequate export benefits and tariff barriers in the global market.
BMSvision, a supplier of Manufacturing Execution Systems (MES), will be exhibiting at ITMA 2019 in Barcelona with a stand in the weaving hall H4, stand B204, focusing on Industry 4.0, mobile MES solutions, and smart textile manufacturing.
P Nataraj, Chairman, the Southern India Mills’ Association (SIMA) has thanked the Chief Minister and Minister for Handlooms & Textiles, OS Manian and also welcomed the various benefits announced in the policy.
Tamil Nadu has announced its integrated textile policy, which aims at sustainable growth of the entire textile value chain and promotion of technical textiles.