Ind-Ra December 2020 report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres (MMF), yarns and fabric with a focus on commodity prices, imports/exports, production and recent rating actions.
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Addressing FICCI TAG 2021, 12th annual conference on the theme ‘Repositioning Indian Textiles and Strategising for Growth in the Post-COVID World’, Ajay Arora of D’décor said digitisation is key to growth in Indian textile industry.
The US Cotton Trust Protocol welcomed its first Latin America-based members. Among other benefits, membership enables these mills and manufacturers to prove that the cotton fibre element in their textiles is more sustainably grown.
ICRA, a leading rating agency, said that the textile industry’s performance will go back to pre-COVID levels in the next fiscal year owing to increase in demands from the domestic as well as export markets.
GRADO by GBTL, the leading manufacturer of premium fabrics, recently organised a conference to launch myriad new product offerings at the Shimla conference at Manla Homes Resort.
Vasudha Swaraj, an agriculture arm of Pratibha Syntex, engages 1000 tribal farmers in cultivation of regenerative organic cotton. The intent is to restore and build soil, ensure animal welfare, and render fair conditions for farmers and farmworkers.
Manoj Patodia, Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL) states that the Government of India should take immediate steps in formulating a Free Trade Agreement (FTA) with the UK.