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.
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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.
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.
Seiko Epson Corporation, a pioneer of digital textile printing, has announced two new innovation hubs, which will join Epson’s established Textile Solution Center in Como, Italy.
From January 2017, all units in India across the textile value chain, except handloom, khadi and jute, will have to register online and provide data on production.
Dr KV Srinivasan, Managing Director, Premier Mills Pvt Ltd, Coimbatore was elected as the Chairman of the Council of Administration. Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works Ltd, Coimbatore was elected as Vice-Chairman of the Council of Administration.
SPGPrints B.V. and Stovec Industries Limited (Stovec) have revealed sales of several inkjet and rotary screen printing machines during ITME 2016.