The Federation of Indian Art Silk Weaving Industry (FIASWI) and the Federation of Gujarat Weavers’ Association (FOGWA) have urged Gujarat chief minister Vijay Rupani to consider extending power tariff relief to the existing power loom units and providing 10 per cent capital subsidy in the textile policy announced by the state government. The recently announced textile policy reduced the tariff by ₹3 per unit in the low tension (LT) lines and ₹2 per unit in the high tension (HT) l

Removal of import duty on man-made fibres (MMF) and reduction of goods and services tax (GST) on it from 18 per cent to 12 per cent and fixing of corporate tax rate for large companies at 30 per cent including surcharge and cesses are part of the pre-budget suggestions made by the Southern India Mills Association (SIMA) to the Confederation of Indian Textile Industry (CITI). Large companies are defined as the ones with a turnover of more than ₹50 crore. Though the tax rate for such u

India’s Maharashtra state will develop a textile park in Koradi. The Maharashtra State Power Generation Company (Mahagenco) will provide its additional 169 hectare land for the park, where traders and industrialists of the city will get space. This was decided in a recent meeting chaired by the state’s guardian minister for Nagpur district Chandrashekhar Bawankule. Bawankule has directed officials of the Nagpur Metropolitan Region Development Authority (NMRDA), the nodal agency for the texti

The International Monetary Fund (IMF) recently retained its growth projection for India at 7.5 per cent for 2019-20, saying it is likely to accelerate to 7.7 per cent in 2020-21. India’s economy is poised to pick up in 2019, gaining from low oil prices and a slower pace of monetary tightening than expected earlier as inflation eases, says an IMF report. With the latest outlook, India will remain the fastest-growing economy in the world, at least for the next two years, according to Indian me

Courtesy: Messe FrankfurtIntertextile Shanghai Apparel Fabrics – Spring Edition will see larger product zones and country pavilions – proving the fair’s growing recognition from worldwide suppliers who view these zones as gateways to the apparel market. The three-day fair beginning March 12 will benefit exhibitors and visitors alike, to locate more potential business partners. The reputation of Intertextile Apparel’s Spring Edition has established a global flagship for apparel sourcing.

To boost investor confidence, the Indian ministry of textiles recently issued a clarification to allay reported disinformation regarding investment accrued by Gujarat state since 2014-15 in the textile sector. The textile commissioner’s office has recorded the figure as ₹30,934 crore as per data submitted by 7,182 textile units, the ministry said. The central government sanctioned and released ₹1855 crore to aid 2,109 textile units in the state through 60 banks, it said in a pre

Courtesy: Business Wire/Sector SixEsports retail and merchandise company We Are Nations has acquired Sector Six Apparel, an esports apparel brand specialising in jerseys and custom team wear for all. We Are Nations provides merchandise design, sales, manufacturing and distribution services for esports teams, leagues and other endemic and non-endemic brands operating in the esports space. Post-acquisition, We are Nations (Nations) will be expanding Sector Six into Europe in early 2019. “As Nati

Asahi Kasei’s Roica Eco Smart family of stretch fibre that offers responsible yarns, will be presented at ISPO Brandnew, the biggest sporty start-ups, which will be held from February 3-6, 2019, in Munich, Germany, in hall B4.430. The Roica booth will have a new centralised position at ISPO Munich, to lead the way towards responsible innovation. Fantastic new collections created by Roica partners, that combine function and contemporary values for the modern customer, will be seen. Asahi Ka

Courtesy: UKFTIn her role as the president of UK Fashion & Textile Association (UKFT), Princess Anne from the royal British family paid a visit to the United Kingdom (UK) manufacturing facility of New Balance, a US-based multinational sports footwear manufacturer. The UK site produces more than 12,000 pairs of shoes a week, which equates to more than 580,000 pairs a year. The company has developed value streams under the Japanese ‘lean’s system of manufacturing, which has reduced produc

Courtesy: Texprocess MessefrankfurtTexprocess is set to focus on individualisation, automation, and digitalisation with micro-factories for the future of clothing production. The trade fair for processing textiles and flexible materials will be held from May 14-17, 2019, at Frankfurt am Main, Germany. Micro-factories are based on networked and integrated procedures of textile processing. In a total of four micro-factories at the up-coming Texprocess, trade visitors will be able to get an ide