Lower production costs, reduction of tariffs and competitive prices of raw materials are pushing Chinese companies to shift production to South-East Asia. According to a study by ANZ Bank economists that South-East Asia would take over from China to become the ?world?s factory? in the next 10-15 years.
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If one thinks of cotton in the global textile arena, then the first country´s name that strikes a chord in memory is India. Cotton and India are inseparable since time immemorial.
Gujarat is the largest producer of cotton and also the largest producer of art silk manmade textile. Cotton-based textile industry is mainly targeted at both domestic and export market whereas art silk synthetic textiles is mainly focused on the domestic market, which is growing at 15 per cent.
In Maharashtra, after the declaration of State Textile Policy, a total of 769 projects with investment of Rs 6,690 crore have been established. The investment have come predominantly into the developed textile machinery of spinning and weaving sector.
Swiss-based Santex Group has signed a contract with Gain Lucky (Vietnam) at the beginning of the year. The contract includes the delivery of six Santashrink drying machines. Santashrink is the perfect solution for shrinkage, relaxation, and tensionless drying of tubular or open-width knitted fabric.
The Textile Institute Council has invited Muharrem Kayhan, member of the Institute and Chairman of the Board of Söktas to be World President Elect. On 14 May 2015 at The Textile Institute Annual General Meeting its members will be requested to vote Muharrem Kayhan in as the next World President for the period of 2015-2017.
The two global Swiss giants in the textile machinery´Oerlikon & Rieter ´achieved a double-digit growth in 2014. The Oerlikon Group sustained its strong operational performance and reported a sales increase by 16.1 per cent to CHF 3,215 million, driven by organic and inorganic growth.