Cash crunch is very much the talk of the town today! Though demonetisation is a bold decision taken by the Government, it has left a sudden jerk in the entire textile chain. Textile retailers faced the immediate impact and other intermediaries in the value chain are facing it now with a lag of a few weeks with reduced orders due to slower offtake.
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Cash crunch is very much the talk of the town today! Though demonetisation is a bold decision taken by the Government, it has left a sudden jerk in the entire textile chain. Textile retailers faced the immediate impact and other intermediaries in the value chain are facing it now with a lag of a few weeks with reduced orders due to slower offtake.
With over 4,000 machines sold and still counting, Santex Rimar Group floats its own Indian venture to penetrate deeper and grab more in this emerging market.
Mathis AG presented updated versions of its popular SmartLiquor dyebath monitor and the SmartScan digital system for colour fastness assessments at ITME, which was held at Mumbai recently.
Raymond, Aditya Birla Group, Reliance Retail  are contemplating a foray into khadi in the near future. Aditya Birla Fashion Retail (ABFR) is learnt to have given an order for 4,500 metres of khadi to the Gondal-based Udyog Bharti weaver group.
The European Parliament is poised to approve a textile agreement with Uzbekistan, which is expected to lead to an increase in textiles imports from the country, despite ongoing concerns about the use of forced labour in cotton harvest.
IKEA, one of world?s largest home furnisher, has released its sustainability report for FY-16 in which it commits to invest ?1billion in sustainability initiatives in the next one year.