The 2nd Global Textile Technology & Engineering (GTTES 2019) show heralded a new successful business year with new optimism, new opportunities and new prospects for the textile industry.
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The overall market size of textiles and clothing, including exports has increased from $145.71 billion in 2015 to $146.63 billion in 2016, which is expected to touch $164 billion by 2018.
CMAI and its family of over 3500 manufacturers and 45000 retailers spanning from Shillong to Srinagar and Surat to Salem heartily welcomes the announcement of the Size India Project by the Minister of Textiles, Smriti Zubin Irani.
Kitex Garments Limited is on track to raise production capacity by over 3.5 times to produce 22 lakh pieces per day by 2025 from the current six lakh pieces of finished garments per day for new-born and babies up to two years.
Kochi-based Kitex Garments Limited, currently the third largest infant apparel manufacturer in the world, is on track to raise production capacity by over 3.5 times to produce 22 lakh pieces per day by 2025 from the current six lakh pieces of finished garments per day for new-born and babies up to two years.
In the year 2018, textile industry has seen some improvements from the setbacks faced due to demonetisation and GST. Now each and every textile manufacturer, trader and entire value chain have accepted and understood that GST is now a part of the system, and they have to move forward with GST as applicable for their sector.
In FY18, the domestic MMF industry in volume terms stood at 2,506 million kg. Domestic MMF demand witnessed an uptick of about 3.6% in FY18 on account of release of pent-up demand post the demonetisation and GST implementation.