German sportswear firm Adidas, planning to increase the proportion of sustainable materials in its products, is investing in Finland’s Spinnova, a company that makes textile fibre out of wood or agricultural waste.
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Savio to exhibit solutions-oriented portfolio at ITMA Asia to maximise machinery return on investment
The textile and garment producers in Ludhiana are relieved with the easing of lockdowns but with the fluctuating rates of yarn, they are worried. Yarn is the biggest raw material in the industry.
In this interview, Abhay Sidham, CEO, Batliboi Textile Machinery Group, explores the potential of India’s knitwear industry and how his company is supporting the growth of the knitting industry.
In order to meet the demand of the non-cotton fashion industry, the textile millers in Bangladesh have demanded a withdrawal of value added tax (VAT) and import duty on all kinds of manmade fibres (MMF).
The government extended loan for four years with repayment of only interest in the first 12 months under Emergency Credit Line Guarantee Scheme (ECLGS).
Business from overseas markets has been a major contributor to the growth of Indian home textiles industry. Covid 19 and the US-China spat can be instrumental in further increasing India’s share in the global home textiles market, says Rakesh Rao.