The Textile Association (India), Mumbai Unit organised a seminar on “Challenges & Opportunities in Textile Processing ´ A Way Forward´ in Thane on May 21, 2015. The Chief Guest was RR Gorakhia, Director, Textiles Committee, Ministry of Textiles, Govt. of India. SM Khire, Director ´ Operations, Welspun Syntex Ltd was the Guest of Honour.
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MAG Solvics, an ISO 9001:2008 certified company, is one of the leading textile testing instruments manufacturers, fulfilling the needs of the end-to-end textile industry´s testing solutions. Established in 1991, MAG Solvics has more than 7,500 installations worldwide.
Lower production costs, reduction of tariffs and competitive prices of raw materials are pushing Chinese companies to shift production to South-East Asia. According to a study by ANZ Bank economists that South-East Asia would take over from China to become the ?world?s factory? in the next 10-15 years.
With the election of Regina Brückner, Managing Associate of Brückner Trockentechnik, for the first time in its long history the VDMA Textile Machinery Association will be chaired by a woman.
Textile exports in 2014-15 registered a 3 per cent growth at $41.7 billion, against the targeted $45 billion. There was a significant uptick in the overseas sales of handicrafts (17 per cent), carpets (15 per cent), ready made garments (12 per cent), silk (13 per cent), and wool and woollen textiles (18 per cent).
One of the oldest textile businesses in India, Bombay Dyeing & Manufacturing Company, is selling the last of its textile manufacturing units, as competition from the unorganised sectors, growing imports from Taiwan, China and Bangladesh have rendered its factory nonviable.
Pothys is one of the largest chains of textile showrooms operating in South India with a net worth of over Rs 100 crore. Pothys displays and sells a wide range of high quality silk garments and sarees and their flagship store is located in Chennai.