Some States have upped their ante in textiles, declaring it a ´sunrise industry´ and by improving infrastructure and policies, they promise to lend a helping hand to the Indian Government´s efforts to carve out a bigger slice in global textile trade. Joseph S and Karthik M recount the story with details.
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Some States have upped their ante in textiles, declaring it a ´sunrise industry´ and by improving infrastructure and policies, they promise to lend a helping hand to the Indian Government´s efforts to carve out a bigger slice in global textile trade. Joseph S and Karthik M recount the story with details.
One of the leading German textile finishers, the Lörrach-based enterprise Textilveredlung an der Wiese GmbH (TVadW) has invested in a new textile calender line concept by ANDRITZ Küsters, Krefeld, a company of international technology group ANDRITZ.
New figures suggest foreign-owned businesses are continuing to ramp up their investment in Vietnam’s garment manufacturing sector in anticipation of the potential Trans-Pacific Partnership (TPP) ´ yet one of the country’s leading economists has urged Vietnam’s authorities to consider restricting the number of textile and garment projects due to environmental concerns.
The Karnataka Government has earmarked 1,000 acres for the upcoming textiles park at Yadgir in north Karnataka. The Government intends to also develop an integrated park at Yadgir. The Karnataka Government is also planning to develop smaller textile parks at various places such as Vijayapura, Ballari and Chamarajanagar districts.
Global automobile giant Ford will invest in a new integrated manufacturing facility in Sanand, India. Ford will invest one billion US dollars to set up an integrated manufacturing facility, which will produce latest models by June 2015.
In the global economy, diverging confidence indicators point to uneven expansion and producer confidence in manufacturing, says Edwin De Boeck, Chief Economist, KBC Group (a leading Belgian bank), while presenting his views in a Euratex convention in Brussels.