KPS Capital Partners LP has announced that its portfolio company American & Efird (A&E) signed definitive agreements to acquire majority ownership of Vardhman Yarns and Threads Limited from its joint venture partner, Vardhman Textiles Limited. Upon completion of the transaction, A&E will own 89 per cent of the joint venture and Vardhman Textiles will own the other 11 per cent. The transaction has been approved by A&E and Vardhman Textiles, but remains subject to approval from the Competition Commission of India and other customary closing conditions.

The International Apparel Federation, together with the Clothing Manufacturers Association of India, is hosting the 32nd IAF World Fashion Convention in Mumbai (India) on September 27-28, 2016. The theme for this Convention is ‘Insights into New Opportunities’. The Convention will be held at the Trident Nariman Point Hotel.

Since India did not have export subsidies during 1986 to 1988, which is the base period per the Uruguay Round Agreement on Agriculture (AOA), India is not entitled to export subsidies. However, subsidies to reduce the cost of marketing, transportation costs, handling and processing costs are permitted without circumventing the export subsidy reduction commitments.

When it comes to denim in Europe, no city is quite as a blue as Amsterdam. The Dutch capital is home to major denim brands such as Tommy Hilfiger, Denham, Scotch & Soda and G-Star as well as a gaggle of upcoming brands and start-ups that have flocked to the denim capital of Europe. What’s more, lovers of jeans in the Dutch capital claim the average Hollander owns at least seven pairs of jeans.

The technical textiles sector in the country has tremendous growth potential for generating employment opportunities and is consistently being looked upon for the future growth of the country, Maharashtra Chief Minister Devendra Fadnavis said in Mumbai, while speaking at the inauguration ceremony of the fifth edition of India’s premier exhibition “TECHNOTEX-2016” on the theme “Technical Textiles: Towards Future”.

Dye sublimation printing continues to evolve and enhance its performances, providing users with high quality printed products and DTG printing keeps higher speed capability enabled through new generation printheads, highlights an exclusive ITJ Report. Despite the headway digital printing has been making in the last few years, screen printing with a share of over 90 per cent (rotary screen and flat screen printing) in textile printing is here to stay, thanks to their flexibility, cost-effectiveness and also some technological leaps.

Gujarat’s textile policy, announced in 2012, has so far attracted investment commitment worth Rs 9,208 crore through various sectors such as weaving, made-ups, processing, spinning, ginning and technical textiles. The plan is to attract Rs 20,000 crore investment and 2.5 million new jobs by 2017.