Applied DNA Sciences (Applied DNA), Inc, a provider of DNA-based supply chain, anti-counterfeiting, authentication, genotyping and anti-theft technologies, announced that it is expanding the use of its proprietary, SigNature® T DNA technology to cotton gins in Arkansas, California and Texas, with the launch of its fully automated DNA Transfer Systems.
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The politics of Goods and Services Tax (GST) Bill may take some more time to sort out, but its basic impact on various industries can be analysed beforehand. GST and its impact on the textile sector was the hot topic of discussion at the recently-concluded 58th Annual General Meeting of Confederation of Indian Textile Industry (CITI), held at Hotel ITC Maratha, Mumbai on September 28, 2016. Speaking on GST were: Sachin Menon and Santosh Dalvi from KPMG, and Sanjeev Saraf and Dilip Dixit from BSR & Associates.
Sanjay Jain, Managing Director of TT Limited, was elected as Chairman, Council of Administration, Northern India Textile Research Association (NITRA), the pioneering textile R&D organisation in the country. NITRA elected its new leadership team in its 40th AGM held on September 23, 16 at NITRA Campus, Ghaziabad.
Gujarat has performed remarkably well, achieving an 18 per cent growth over the past decade since 2004, through policy support from both the Centre and State government. Unlike several other states, entrepreneurs in Gujarat have the option of availing benefits from both the Centre and the State Government, allowing for additional benefits. The Centre’s Technology Upgradation Fund Scheme (TUFS), along with the state government’s policy, has helped entrepreneurs reap huge benefits in the sector.
Volatile prices for energy and commodities, requirements from brands, retailers and end consumers as well as government regulations have made sustainability a major challenge for the textile industry. For these reasons, resource efficiency is one of the premium targets of technical developments. The increased responsibility for work safety and workplace design is also an aspect of sustainability to which textile companies pay more and more attention.
After the successful completion of ITMA Asia event, ColorJet Group now looks to expanding its footprint in the South Asian markets. ColorJet Group, which also operates a manufacturing facility in China, offers digital textile printing machines with efficient engineering and innovative technologies. The Group expects to repeat its success in the Indian market in other countries like Vietnam, Philippines, Bangladesh, Sri Lanka, Myanmar, Indonesia, while also making deeper inroads into China.
Himatsingka will invest Rs 1,300 crore, in a phased manner starting this year, in order to augment its manufacturing capacities. These investments will aid in doubling the group’s sheeting capacity and help the process of backward integrating into ultra-fine count cotton spinning. With over 10 brands, the Himatsingka group has among the largest portfolio of home textile brands with an annual throughput of over Rs 800 crore.