The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020. Of the total market size domestic consumption accounts for approximately 60 per cent and exports accounts for the rest approximately 40 per cent. The domestic market is expected to show higher CAGR of 10 per cent in comparison to exports, which is expected to grow at CAGR of 6 per cent over next five years.

José Geraldes was appointed Managing Director by the Board of Directors of Spindelfabrik Suessen GmbH, Germany, with effect from July 1, 2016. With José Geraldes SUESSEN was able to engage a very experienced expert in the field of textile machinery. Working for Bosch in Stuttgart, his places of employment were in Homburg/Saar and in Brazil, where he was in charge for hydraulics/pneumatics and diesel fuel injection systems. After having returned to Stuttgart, he was active in the business domain new products in the sector of diesel injection pumps.

Yoga guru Ramdev-owned Patanjali Group plans to launch ‘swadeshi’ jeans by the end of this year or early next year.

The Bangladesh Textile Mills Corporation (BTMC) is looking at reopening six closed textile mills with Chinese help.

EU clothing imports from China dropped by a considerable volume of 9.9 per cent in the first three months of this year compared to that of last year, reveals Textiles Intelligence in a recent report.

China will account for the fastest growing and second-largest share of demand through 2020 and beyond as its medical delivery system is expanded and upgraded to better serve its massive population. These and other trends are presented in World Medical Disposables, a new study from The Freedonia Group, a Cleveland-based industry research firm. Western Europe will remain the third-largest major market for medical disposables, reflecting the operation of a universal health insurance plan and an advanced medical delivery system in most countries. On the downside, growth prospects for medical disposables in the region will slow due to tight cost controls such as budgeting and fixed reimbursement rates.

EU clothing imports from China dropped by a considerable volume of 9.9 per cent in the first three months of this year compared to that of last year, reveals Textiles Intelligence in a recent report. This drop follows a 12.5 per cent decline in the whole of 2015, which dragged imports down to the lowest level since 2006. The decline in both periods represented the steepest falls among EU’s 10 largest clothing suppliers. As a result, China’s share of EU clothing imports from all sources declined in both periods from 43.3 per cent in 2014 to just 35.1 per cent in the first three months of 2016.