Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
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Kasam Industries will be setting up Rs 100 crore textile manufacturing unit at Kakatiya Mega Textile Park in Warangal. The unit, which will comprise of spinning and yarn mills, may also have a dyeing unit.
Researchers from IIT Kharagpur have developed a unique approach of generating electricity from clothes drying in natural ambience, which is otherwise a part and parcel of daily life, according to the premier institute.
Key players in the Indonesian textile sector have formally agreed to optimise locally sourced, sustainably produced rayon to drive the growth of the national textile industry, which is a core pillar of the country’s economy.
Doors will open on September 25 in Shanghai, China for Intertextile Shanghai Apparel Fabrics, with over 4,400 high-quality exhibitors from 33 countries and regions preparing to meet tens of thousands of potential trade buyers.
Sustainable and cost effective all-cotton oil absorbent developed. Recent drone attacks on the world’s largest oil processing facility and an oil field in Saudi Arabia emphasises the important need for safety requirements in the oil and gas sector.
Maangalya Shopping Malls has announced the opening of its seventh store at Kukatpally in Hyderabad and set up a textile unit in the Textile Park near Hyderabad.