The textile industry has expressed shock and anguish over the withdrawal of four per cent incentive given under the Merchandise Export Incentive Scheme (MEIS) on made-ups and garments, with retrospective effect from March 7, 2019.
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STRI Group’s construction division, Carrick Sports, has expanded its UK operation by acquiring leading sports turf contractor Phil Day Sports (PDS).
MGC, the textile manufacturing joint venture between the Carrington Textiles and the Portugal based TMG – Acabamentos Texteis SA and strategic finishing partner for Melchior Textil, has taken over Melchior Textil (Germany) from HOS-Group.
GHCL, India’s leading chemical and textile company, announced its financial results for the third quarter of financial year 2020-21.
Texcare Forum India – LaundrexNet 2020 is scheduled to be held in India with the aim to provide best-suited digitised and automated solutions on laundry and dry-cleaning.
Hexcel is collaborating with Madshus, a leading innovator in the world of cross-country skiing, on the engineering of a range of next-generation dry carbon fiber tapes for Madshus’ acclaimed cross-country racing skies.
FTAs with Australia, Canada, the United Kingdom and EU will help boost India’s textile exports, according to AEPC, whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.