The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
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With another three precious months gone, Tirupur’s losses are pegged at Rs 15,000 crore.
Century Pulp and Paper’s pulp mill in Lalkuan, India will get an evaporation line from Valmet. The new line will help the company meet pulp production capacity expansion.
Ashwin Chandran of SIMA thanked Smriti Irani for the intervention, enabling CCI to offer volume based bulk discounts for its 2018-19 cotton and protecting the interests of MSME spinning mills by offering the discounts from 500 bales and restricting the same at 10,000 bales.
Pham Xuan Hong, president of Ho Chi Minh City’s textile association, recently urged Vietnam’s textile industry to source raw materials from Malaysia and India while the coronavirus storm gets over in China.
German and European manufacturers of laundry and textile cleaning technology are optimistic as they look forward to Texcare International which opens its doors from June 20 to 24 in Frankfurt, Germany.
At Texcare International, from 20 to 24 June 2020, the world’s market leaders will be showcasing their innovations, all designed to help optimise the procedures and processes in textile care.