Officials of the fastest-growing multinational cotton yarn manufacturer in the country say that SVP Global Ventures is working towards focussed technology-driven business operations.
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The Cosmo Films’ subsidiary has launched eco-friendly Microenz BS – sourced through enzymatic process – for textile Industries to reduce degradation of garments/fabrics
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
In this interview, Chirag Pittie, Director, SVP Global Ventures Ltd, highlights on the changing dynamics of the spinning industry in India and how his company is gearing up for the future.
Yarn from Coimbatore and Dindigul mills have slowly become more expensive and this is bringing down the profit margins of small and large textile businesses in Karur and is adversely affecting the textile export industry.
In February, Pakistan surpassed India, Indonesia, and Vietnam in apparel and textiles export to the US.
Tirupur Exporters Association (TEA) appealed spinning mills to not stop the supply of cotton yarns as it’s affecting apparel units. The mills are not taking any new orders and have stopped production said President, TEA in a letter to associations.