Global fashion industry is expected to do better than last year says a recent survey ‘The State of Fashion 2017’ by McKinsey and The Business of Fashion.
Browsing: Textile Industry
Global fashion industry is expected to do better than last year says a recent survey ‘The State of Fashion 2017’ by McKinsey and The Business of Fashion.
The European Parliament is poised to approve a textile agreement with Uzbekistan, which is expected to lead to an increase in textiles imports from the country, despite ongoing concerns about the use of forced labour in cotton harvest.
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.
Global acrylic fibre market is projected to reach a CAGR of 3.6 per cent over 2016 to 2026. Acrylic fibres possess good aesthetic properties owing to their capability to accept multi-color dyes in clear, bright and muted tones.
The global market for organic cotton has grown by 67 per cent. Besides, there is also greater global awareness of the need to have good quality organic cotton seeds.
The Indian Government has approved the Amended Technology Upgradation Fund Scheme (ATUFS) in place of Revised Restructured Technology Upgradation Fund Scheme (RRTUFS) with a one-time capital subsidy for eligible bench-marked machinery for a period of seven years from 2015-16 to 2021-22.