In 2017-18, world cotton production is projected to increase by 8 per cent to 24.9 million tonne while the global cotton consumption is forecast to rise by 2 per cent to 25 million tonne.
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For the second consecutive year, ACIMIT, in partnership with the Italian Trade Agency, has organised a collective venture at Irantex, the primary trade fair for the Iranian textile and textile machinery sector, to be held in Tehran from 4 – 7 September 2017.
Islamabad Chamber of Small Traders (IST) has lauded the decision of the Pakistan Government to provide Rs15 billion to the textile sector under the PM’s package.
Replying to the questions from the ITJ, Persistence Market Research Report says that textiles and apparel industry growth is strongly linked to the overall global economic growth. Excerpts from the interview.
Why India is still a laggard in textile export while countries like Vietnam and Bangladesh are making strides?
There was a time when home textiles were purchased only during the festivals in India. But this story was 20 years ago! Thanks to the growth of retailing and increase in purchasing power, home textiles market in India is transforming. An ITJ Exclusive Report delves into this transformation.
“In the next 10 years, home textile players will focus more on Indian markets rather than focus more on exports,†says Shrinidhi Nadgauda, Vice President, Sales & Marketing, InterMarket (India) Pvt Ltd, during the recently-concluded Textiles India 2017 event in Gandhinagar, while speaking on the home textiles market in India to Karthik Muthuveeran, Sr Sub Editor of the ITJ.
Alessandro Zucchi succeeds Raffaella Carabelli as President of ACIMIT. Alessandro Zucchi has succeeded Raffaella Carabelli following the members’ assembly of ACIMIT, which was held on June 27.