India’s technical textile industry, still in its nascent stage, is witnessing growing domestic as well as global demand. Can increasing disposable incomes, growing investment, and the government’s power boost turn this into a $5 trillion economy in the next few years?
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The National Textile Policy is expected to target investments worth Rs 10,000 crore and exports of $100 billion. Sivaramakrishnan Ganapathi, MD, Gokaldas Exports and P Sundararajan, CMD, SP Apparels giving insights to the policy said it is set to boost the Indian textile industry.
The export of apparels from Myanmar have declined by 50 per cent in two months because of drop in demand from the European market the ministry of commerce stated in a news report.
The Textiles Ministry is bringing to form a structure under which the Production Linked Incentive (PLI) Scheme for technical textiles and manmade fibre (MMF) segment will roll out, Union Cabinet Minister, Smriti Irani said at an ASSOCHAM Foundation Week Programme recently.
Xefco, in collaboration with Swiss textile innovator HeiQ, launches XViroblock, the world’s first thin-film antimicrobial copper surface treatment for textiles that exhibit significant viricidal activity against SARS-CoV-2 after only five minutes.
The Intertextile Shanghai Apparel Fabrics show to be held 10 to 12 March, 2021, at the National Exhibition and Convention Centre, in Shanghai, China, will continue to adopt a hybrid format with online platforms complementing the physical fair.
The National Cotton Council of America looks forward to working again with US Agriculture Secretary appointee Tom Vilsack on matters ranging from sustainable, climate smart agriculture to international trade opportunities and the farm safety net.