The long-awaited GST rates have sparked off many a smile and a few wails in the textile industry! While the majority of textile industry, particularly the garment industry, has gone gung ho over the new rates of GST, synthetic textile segment has been crying hoarse, legitimately over the 18 per cent rate.
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As Techtextil India gears up to expand its scope into the garment machinery segment through an exclusive Texprocess Pavilion this year, VDMA Textile Care, Fabric and Leather Technologies has come forward to announce its support for this much-awaited launch.
Indian fabrics and apparel major Raymond is looking to capture the stitched garments market in Europe and the US by exporting products from its new Rs 100-crore plant in Ethiopia.
At the upcoming edition of CAITME, to be held in Tashkent, Uzbekistan from September 13 to September 15, 2017, 16 Italian textile machinery manufacturers will exhibit in the common area set up by the Italian Trade Agency and ACIMIT.
Strong growth is predicted for the Vietnamese textile and clothing industry, according to a new report from the global business information company Textiles Intelligence ? Prospects for the textile and clothing industry in Vietnam.
Cotton futures in India are expected to be under pressure on reports of good sowing progress and higher stock levels, according to Angel Commodities.
The global technical textile industry was estimated to be worth $142 billion in 2015 and is expected to reach $165 billion by 2019. The vast majority of technical textiles come from APAC, which accounts for a share of almost half of the global technical textiles market.