In a letter written to the finance minister AHM Mustafa Kamal, Bangladesh apparel makers have requested an equal VAT rate for all types of yarns and duty-free import of all kinds of raw materials needed by the industry.
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The award-winning in-store recycling machine, Looop, first cleans the old material, followed by shredding and spinning it into yarn which is used to knit a new product. Looop is the winner of the Fast Company’s 2021 World Changing Ideas Awards.
The virtual trade fair TextilesExchange 2021 brought together Indian and East African textile businesses to explore the potential of trading partnership and capitalise on market opportunities
The lockdown seems to have encouraged more Indians to invest in knitwear. The domestic sales volume of Tirupur’s garment makers was Rs 300 billion during the last fiscal. This was higher than the region’s export values.
In spite of the pandemic situation, the SM Group has shown some hope by setting up a new RMG accessories factory that will provide more jobs, boost export, and improve the country’s economy in the near future.
Covid 19 pandemic has changed the dynamics of the global knitting industry with leading fashion brands scouting for new suppliers. Indian knitwear makers can take advantage of this situation provided they invest in right product and technology, says Rakesh Rao.
In this interview, C Kamatchisundaram, VP – Textile Machinery Division (TMD), Voltas Ltd, explains the importance of modern technologies for Indian spinning industry for maintaining productivity at highest levels.