A buyer-seller meet for textile industries was organised by local Powerloom Seva Kendra in Burhanpur, a mid-size city in Madhya Pradesh. The meet was inaugurated by Woman and Child Development Minister Archana Chitnis.
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With industrialisation, surging consumption of textiles in engineered products and rising awareness about the benefits of using textile chemicals, the market in India is projected to cross $2.5 billion by 2021.
The Indian Government has signed Memoranda of Understanding (MoUs) worth Rs 8,835 crore in textile sector at the Vibrant Gujarat Summit. The MoUs include various segments such as textile parks, textile processing, machinery and carpet development, according to the Textiles Ministry.
Technological upgradation fund scheme (TUFS) was launched in 1999 with the objective of providing credit and capital subsidy to textile and clothing industries to modernise the textile units. This was given to help in enhancing the labour and capital productivity and enhance production of high quality products.
During the first nine months of the current year, Indian apparel exports have declined by (-) 0.08 per cent to $2,876.59 million as compared to $2,878.79 million in the corresponding period last year. I
SENFA Decoprint is probably one of the biggest companies one would have never heard of. However, all that is about to change as the France-based manufacturer ´ part of the Chargeurs Group ´ sets its sights on further expanding its operations throughout Europe, the Americas and beyond.
The Tamil Nadu Government has announced new schemes for promoting handloom, textile and khadi industries. A sum of Rs 175.23 crore would be spent on modernising six cooperative mills in the State.