The two editions of Intertextile Shanghai Apparel Fabrics reached new heights this year with number of visitors showing an increase of 15 per cent for both fairs and strong feedback received on product variety, show quality and innovation.
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Import of textiles industry spare parts has been continuously rising from China and trend will be continued this year as well, say industry experts.
Mylon Metallics was incorporated as an engineering company par excellence for manufacture of engineering products that will find applications in textile mills, transport sector and original equipment. D Srinivasan, Director, Mylon Metallics, speaks on the cheaper imports which is hurting the textile industry.
Along the way to becoming a systems supplier for the production of dry and impregnated non-crimp fabrics, KARL MAYER Technische Textilien was exhibiting for the first time this year at the K 2019 trade fair.
Ajit B Chavan, Secretary, Textile Committee, has been given the charge of Additional Textile Commissioner in the office of Textile Commissioner, Mumbai.
Indian textiles and clothing industry, the second largest employment provider (around 11 crore people) next only to agriculture was the second largest exporter in the world during 2017, now it has slipped to 5th position due to global recession especially in the aftermath of US-China trade war and the tariff concessions extended for the competing Nations like Vietnam, Bangladesh, Pakistan, etc.
Talks of bad times are spreading fast, sometime even on a global scale. No country is spared. But time and again global economy has come out of the blues, and some countries’ fortunes have even brightened up. Why not India’s, this time? One of the opportunities for the textile industry is the technical textiles.