The group has invested $ 150 mn in the Oman textile plant, which has 1.5 lakh spindles and 3,500 rotors in the facility.
Browsing: IKEA
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.
IKEA, one of world?s largest home furnisher, has released its sustainability report for FY-16 in which it commits to invest ?1billion in sustainability initiatives in the next one year.
Textile entrepreneurs now are investing heavily in digital technology, which is the fastest growing method of printing textiles. The market for digital printing technologies is moving out of the preliminary laps and gaining momentum in India.
Taking forward its commitment to the Indian market, IKEA, the global home furnishings leader, has announced a new initiative – ´Make More in India´, which is aimed at potential suppliers and toexpandIKEAG´s supplier base as well as the categories of home furnishing products sourced in India.
The textile legacy in the Bhilwara region is fighting a battle to sustain its existence in the rapidly changing global dynamics. Garima Pant explores the ground reality.